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Dublin Live
Dublin Live
National
Darragh Berry

Renting Ireland: Dublin is fifth most expensive city to rent in Europe with staggering average

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 compared to last year.

A new Accommodation Ranking report by ECA International has found that rental costs are up €207 on average per month from 2019 with rent in the capital now at €3,613 per month.

The capital had one of the steepest rental rises at 6% making it more expensive than some of the biggest capital cities in the world.

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:

  1. London
  2. Zurich
  3. Moscow
  4. Geneva
  5. Dublin
  6. Paris
  7. Kiev
  8. Copenhagen
  9. Luxembourg City
  10. Amsterdam

Top 10 most expensive cities to rent in the world:

  1. Hong Kong
  2. New York
  3. Tokyo
  4. London
  5. San Francisco
  6. Port Moresby
  7. Shanghai
  8. Miami
  9. Buenos Aires
  10. Yokohama
Its renting average is miles ahead of Paris (€3,461), Berlin (€2,354) and Madrid (€2,393), according to the report.
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