It’s no secret that property prices in first-world countries have been on a steep increase over the past decade, but which cities see residents pay the most per square meter for their piece of personal space? What about the least per square meter?
According to CIA Landlord Insurance, set out to index property prices for both renters and buyers in capital cities across the globe, Tirana, capital of Albania has been rated third on the list of cheapest European capital for renters.
Sarajevo leads the way as the place to be in summer and is followed by Podgorica, the capital of Montenegro.
The research has further rated the most expensive cities with London, United Kingdom leading the way. A city of nearly 10 million people and home to 270 nationalities and 300 languages is London, the capital of the United Kingdom. Whilst many flock to this metropolis for many reasons, it is Europe’s most expensive city to rent a home. A one-bed flat can cost an average of £1,685.32 - £33.71 per m2 every month, or £1,275.71 outside the city centre, £25.51 per square metre.
Dublin isn’t a great destination for cheap renting either; one can expect to pay an average of £1,397.33 for a one-bedroom flat in the Irish capital, or slightly less outside the city for £1,206.85 per month.
The third most expensive capital city in Europe for renters is Luxembourg, which isn’t far behind Dublin in terms of monthly prices. A one-bedroom apartment in the city centre will cost an average of £1328.32 per month, which is £26.57 per square metre.
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