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Uk House Sharers Pay Highest Rents In Europe

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UK tenants face the highest rents in western Europe, research showed today.

It costs an average of £348 a month to rent a room in a shared property in the UK, 75% more than in Spain, where rents average just £199 a month, according to flatshare website Easyroommate.co.uk.

France was the second most expensive country in which to rent a room, but at an average of £285 a month rents were still considerably cheaper than in the UK, while in Italy they averaged £282 a month.

The group blamed the high cost of renting a room in the UK on the lack of mortgage finance currently available, which it said was forcing potential first-time buyers to continue renting, driving up demand.

But it said banks on the Continent were beginning to lend again, with the latest European Mortgage Federation report showing that total mortgage advances in France had risen by 29.2% during 2009, while in Spain they were 6.2% and in Italy they rose by 2.6%.

However, mortgage lending in the UK actually contracted by 21.4% during the same period.

Jonathan Moore, director of Easyroommate.co.uk, said: "The rent is far higher for British flatsharers than it is for their European counterparts.

"The strength of the pound against the euro plays a part - but that's not the whole story.

"Brits are paying more for their accommodation because frustrated first-time buyers are pushing up demand for rental properties."

But despite the UK having the highest average rents, the most expensive city in which to rent a room was Milan in Italy, at a typical cost of £621 a month.

London was the second most expensive place at an average of £551 a month, followed by Rome at £441, Paris at £426 and Nice at £380.

Birmingham, Manchester and Leeds also made it into the list of the top 10 most expensive cities in which to rent a room.

Valencia in Spain is the cheapest place to rent, at an average cost of £207 a month, with Seville and Zaragoza, also in Spain, both also featuring in the top five cheapest cities for renters.

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It's about time someone tackled the UK rip-off Bed and Breakfast racket, where we are charged by the person in the UK, whilst continental europe and most of rest of World charge by the room!

Typically, you can stay in a 3 star french provincial hotel for £30 a night inc continental breakfast (for two)!

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  • 433 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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