Dublin remains in the top five most expensive cities to rent in Europe with a staggering new rent average which is over €200 more than last year.
Rental costs are up €207 on average per month from 2019 with rent in the capital now at €3,613 per month, a new accommodation Ranking report by ECA International has found that
The Irish capital has one of the steepest rental rises at 6%, making it more expensive than some of the biggest capital cities in the world, Dublin Live reports.
Its renting average is miles ahead of Paris (€3,461), Berlin (€2,354) and Madrid (€2,393), according to the report.
Alec Smith, Accommodation Services Manager at ECA International, said: “Dublin has once again seen one of the steepest year-on-year increases of rents in Europe, at just over 6%.
“The increase is partly due to the continuing increase of international companies relocating staff to the city, elevating the demand for expatriate-standard housing.”
London holds on to the top spot as the most expensive place to rent in Europe for expats.
The average cost of a three-bedroom, mid-range home for expatriates in the English capital is £5,308 per month (€5,963).
Top 10 most expensive cities to rent in Europe:
London
Zurich
Moscow
Geneva
Dublin
Paris
Kiev
Copenhagen
Luxembourg City
Amsterdam
Top 10 most expensive cities to rent in the world:
Hong Kong
New York
Tokyo
London
San Francisco
Port Moresby
Shanghai
Miami
Buenos Aires
Yokohama
