Business news from Ukraine

According to a recently published report by Deutsche Bank, the highest increase in rents for three-room apartments in European city centers between 2020 and 2025 was recorded in Southern and Eastern Europe, reaching 206%. These figures are from a study covering 67 cities worldwide, including 28 in Europe.

According to Eurostat, housing prices in the EU rose by 27.3% quarter-on-quarter (from Q1 2020 to Q1 2025), while rents rose by 12.5% between June 2020 and June 2025. However, growth exceeded the average in central city areas.

The most expensive and cheapest cities in 2025:

• The most expensive is London: rent for a three-room apartment is around €5,088 per month.
• Expensive cities: Zurich, Geneva, Amsterdam — over €3,800; Dublin, Luxembourg, Paris, Copenhagen, Munich — over €3,000,
• Cheapest — Athens: €1,080. Cheaper options are also available in Budapest (€1,225), Istanbul (€1,614), Warsaw (€1,881), and Helsinki (€1,928).

The highest rental growth (2020–2025):

• Istanbul — +206% (leader),
• Lisbon — +81%; Prague — +73%; Edinburgh — +71%,
• Barcelona – +65%; Madrid – +59%; Athens and Warsaw – over +50%.
• The lowest growth was in Helsinki:

Overall, the findings show that Southern and Eastern Europe have lost their relative affordability in terms of housing rentals, while the major financial and political centers of Western and Northern Europe remain the most expensive, but affordability in Eastern Europe is declining rapidly.

Source: http://relocation.com.ua/housing-rentals-in-europe-are-rapidly-becoming-more-expensive-istanbul-prices-have-risen-by-206-athens-is-the-cheapest/

ATHENS, EUROPE, HOUSING, ISTANBUL, rent

Related:

Ukrainian citizens ranked fourth in terms of number of home purchases in Turkey in July 2025

Athens residential real estate market – analysis by Relocation

NKMZ resumes production and increases exports to Europe and Asia