International Rent Index by City: average monthly rental prices for selected European cities
Published by HousingAnywhere in April 2020 and including data from up to the first quarter 2020 (Q1 2020)
"London and Amsterdam showing the smallest increase since 2015
Barcelona reported its first drop in prices since 2013
Top three cities with biggest increase in rents are Vienna, Madrid, and Berlin
Effects can only partly be attributed to COVID-19, as various market dynamics are at play
The HousingAnywhere International Rent Index report for Q1 2020 shows that as most of the world’s economies are reeling from the impact of the corona crisis, the effects on the European rental markets are starting to show – with previously accelerating rental prices coming to a stop. While January and February still mostly show a continuation of the trends that were visible in Q4 with rents increasing, March saw the first declines in rental prices, consequently breaking the trend.
The development of rental prices has been reduced to a minimum in most cities and the number of available rental properties is increasing. In cities like London and Amsterdam, known for their notoriously high rental prices, rents showed the smallest increase since 2015 with 0.5% and 0.1% respectively. Barcelona is showing its first drop in rental prices since 2013, with a quarterly rental price development of -0,1% for one-bedroom apartments and -0.8% for single rooms."
Links to tables: