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Renting. Uk Cities Are The Most Expensive In The World

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Full list:

1. London - £575

2. Paris - £426

3. Milan - £384

4. Nice - £384

5. Rome - £384

6. Birmingham - £347

7. Manchester - £347

8. Marseille - £341

9. Glasgow - £338

10. Lyon - £332

This appeared alongside an article about international property prices.

While London property is by no means the world's most expensive in terms of square feet, it tops the list in rental prices. Brum rents look pretty obscene too next to Rome. Hardly a case of location, location.

So, a consequence of what? Housing benefit? Council taxes? Supply and Demand? Greed?

What do you guys think?

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Based on those figures, renting in Rome is ridiculously expensive against the likes of London and Paris, when weighted for the availability of professional opportunities in the private sector*.

Roma caput mundi my @rse.

*and you need friends in high places to get any decent public job in Rome :rolleyes:

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Based on those figures France looks crazy expensive given the salaries are lower and taxes higher. Two French cities in the top five and two Italian cities in the top five. Surely the title should be: UK cities good value compared to Italy and France.

Edited by davidg

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Based on those figures France looks crazy expensive given the salaries are lower and taxes higher. Two French cities in the top five and two Italian cities in the top five. Surely the title should be: UK cities good value compared to Italy and France.

Not when you consider the uk is sht

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Not when you consider the uk is sht

Then quit whingeing and move to France or Italy, what's stopping you?

Edited by Deckard

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Based on those figures, renting in Rome is ridiculously expensive against the likes of London and Paris, when weighted for the availability of professional opportunities in the private sector*.

*and you need friends in high places to get any decent public job in Rome :rolleyes:

Italy is a 'special case' :)

'All the restaurants are full' ( © S. Berlusconi )

But notice Milan is at No. 3 here. I have Italy-resident girlfriend at the moment. That place is zonkingly overpriced. We met last month in Milan and at one place got charged 13 Euro for a hot chocolate and a cuppa tea.

How is this country bankrupt . . . it's not operating on third world prices . . .

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Italy is a 'special case' :)

'All the restaurants are full' ( © S. Berlusconi )

You know very well that's not the case :D

But notice Milan is at No. 3 here. I have Italy-resident girlfriend at the moment. That place is zonkingly overpriced. We met last month in Milan and at one place got charged 13 Euro for a hot chocolate and a cuppa tea.

Milan is by far the best city in Italy for well paid professional opportunities, so while still vastly overpriced relative to other major European financial centres, it's much better value than Rome.

How is this country bankrupt . . . it's not operating on third world prices . . .

Very nearly bankrupt, with public debt projected at over 130% of GDP by year end.

The crazy prices are mostly due to a multi-year borrowing binge induced by ridiculously low interest rates relative to country risk since the Euro inception, just like the other PIIGS.

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Full list:

1. London - £575

2. Paris - £426

3. Milan - £384

4. Nice - £384

5. Rome - £384

6. Birmingham - £347

7. Manchester - £347

8. Marseille - £341

9. Glasgow - £338

10. Lyon - £332

This appeared alongside an article about international property prices.

While London property is by no means the world's most expensive in terms of square feet, it tops the list in rental prices. Brum rents look pretty obscene too next to Rome. Hardly a case of location, location.

So, a consequence of what? Housing benefit? Council taxes? Supply and Demand? Greed?

What do you guys think?

Erm, I think that data's from about 1990. Unless there's a sudden glut of cheap flats in London, Paris and Nice to bring their averages down (or the areas had strange borders drawn to exclude the only bits you'd actually live in)

EDIT OK, I see, survey done on "easyroommate", so it's not exactly a representative sample of property - it's per room in a share with people who can't afford to live alone. Interesting order, but doesn't say anything about the cost of actually renting somewhere to live.

Edited by bristolhunter

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Italy is a 'special case' :)

'All the restaurants are full' ( © S. Berlusconi )

But notice Milan is at No. 3 here. I have Italy-resident girlfriend at the moment. That place is zonkingly overpriced. We met last month in Milan and at one place got charged 13 Euro for a hot chocolate and a cuppa tea.

How is this country bankrupt . . . it's not operating on third world prices . . .

Yes

http://en.wikipedia.org/wiki/Aging_of_Europe

Nove, author of My Name is Roberta, I'm 40 years old and earn 250 euros a month, said that in 1978 a tenant spent about 25% of his salary on housing. Now renting an apartment exceeds the salary of a young worker. "What else is there to say?"[18] Comedian and activist Beppe Grillo published on his blog a letter from one of these young men living with their parents, where he detailed how it is economically impossible for him to move to any available apartment, because of low wages and high rents.

Does Italy have the same psychotic planning restrictions as the UK?

Certainly when you think of over-construction you think of Spain or Greece rather than italy.

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  • 239 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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