In 2023, Berlin Mitte was the most expensive district for apartment rentals, with an average asking basic rent of **** euros per square meter (excluding extra costs). The average for the city in this period was ***** euros per square meter. That was higher than the average rent in the Germany.

In 2022, Berlin Mitte was the most expensive district in Berlin, Germany, for new rental contracts. Median rents show the middle value of rent expenditure, meaning that 50 percent of newly rented apartments in Berlin Mitte in 2022 had rental costs exceeding 15.19 euros per square meter, and 50 percent of apartments had rents below this value. Meanwhile, Friedrichshain-Kreuzberg witnessed the highest rental price increase since 2018.

Rents in Germany continued to increase in all seven major cities in 2024. The average rent per square meter in Munich was approximately **** euros — the highest in the country. Conversely, Düsseldorf had the most affordable rent, at approximately **** euros per square meter. But how does renting compare to buying? According to the house price to rent ratio, house prices in Germany have risen faster than rents, making renting more affordable than buying. Affordability of housing in Germany In 2023, Germany was among the European countries with a relatively high house price to income ratio in Europe. The indicator compares the affordability of housing across OECD countries and is calculated as the nominal house prices divided by nominal disposable income per head, with 2015 chosen as a base year. Between 2012 and 2022, property prices in the country rose much faster than income, with the house price to income index peaking at *** index points at the beginning of 2022. Slower house price growth in the following years has led to the index declining, as incomes catch up. Nevertheless, homebuyers in 2024 faced significantly higher mortgage interest rates, contributing to a higher final cost. How much does buying a property in Germany cost? Just as with renting, Munich was the most expensive city for newly built apartments. In 2024, the cost per square meter in Munich was almost ***** euros pricier than in the runner-up city, Frankfurt. Detached and semi-detached houses are usually more expensive. The price gap between Munich and the second most expensive city, Stuttgart, was nearly ***** euros per square meter.

This statistic shows the average rent for apartments in Berlin, Frankfurt, and Munich in Germany as of 2016, by apartment size. It showed that an apartment of *** square meters was priced at ***** euros per month in Munich, which was significantly more than the same sized apartment costing ***** euros per month in Berlin.

Correction coefficients are used to ensure equality of purchasing power of salaries of EU officials in the different duty stations. They are calculated as the ratio between the “economic parity” and the exchange rate to the Euro (where applicable). They operate as a percentage adjustment to remuneration expressed in local currency.

The method used to establish economic parities is to compare the price of a basket of goods and services purchased by the average retired international official in Belgium with the price of an equivalent basket of goods and services purchased by the average retired international official in each of the other countries.

The rent paid for an apartment or house, due to its high weight in the total household expenditure structure, plays a significant role in determining the overall correction coefficient.

Consequently, specific rent surveys are carried out annually in cooperation with relevant real estate agencies. The information obtained, and that derived from similar surveys in previous years, is used to determine the difference in rental prices between Brussels and each of the other locations where the survey is carried out, in rental prices for the same type of dwelling.

The scope of these surveys is to compare the average market rent for some specific kinds of dwellings in some pre-specified representative areas of Brussels with similar dwellings in similar (representative and comparable) areas in other EU capitals and duty stations.

The estate agency rent surveys (EARS) are organised jointly by Eurostat, the International Service for Remunerations and Pensions (ISRP) of the Co-ordinated Organisations and national statistical institutes (NSI) in each duty station, including Brussels, with the collaboration of estate agents in the duty stations concerned.

The work is done in accordance with a methodology approved by the Expert Working Group on Articles 64 & 65 of the Staff Regulations.
Whilst this rent information is collected for a specific purpose, according to a specific methodology, it may also be relevant for other purposes.

Historical market performance data including occupancy rates, average daily rates, and revenue trends

At the level of forecast rooms, the median of the net rents required in rental housing offers in 2018 is presented. In 2018, a median rent of EUR 10.32/m² per month (net cold) was calculated for the rental apartments offered in publications. Average bid prices of EUR 12.00/m² were recorded within the S-Bahn ring.

Amsterdam is set to maintain its position as Europe's most expensive city for apartment rentals in 2025, with median costs reaching 2,500 euros per month for a furnished unit. This figure is double the rent in Prague and significantly higher than other major European capitals like Paris, Berlin, and Madrid. The stark difference in rental costs across European cities reflects broader economic trends, housing policies, and the complex interplay between supply and demand in urban centers. Factors driving rental costs across Europe The disparity in rental prices across European cities can be attributed to various factors. In countries like Switzerland, Germany, and Austria, a higher proportion of the population lives in rental housing. This trend contributes to increased demand and potentially higher living costs in these nations. Conversely, many Eastern and Southern European countries have homeownership rates exceeding 90 percent, which may help keep rental prices lower in those regions. Housing affordability and market dynamics The relationship between housing prices and rental rates varies significantly across Europe. As of 2024, countries like Turkey, Iceland, Portugal, and Hungary had the highest house price to rent ratio indices. This indicates a widening gap between property values and rental costs since 2015. The affordability of homeownership versus renting differs greatly among European nations, with some countries experiencing rapid increases in property values that outpace rental growth. These market dynamics influence rental costs and contribute to the diverse rental landscape observed across European cities.

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The monthly rent per square meter on the primary shopping streets in Germany's capital measured between ** and *** euros in the first half of 2023. On Tauentzienstraße, retailers had to pay on average *** euros per square meter for a new letting of 100 square meters on a ground level with a six-meter shopfront. Berlin is one of the most expensive cities for prime high street retail real estate in Germany.

In 2024, the rental index in Germany reached 107.5 index points. The index was set to 100 in 2020, which means that compared to then, rent in Germany increased by 7.5 percent. Munich saw the highest average rent price among the larger German cities.

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In 2023, Frankfurt and Munich were the German cities with the highest prime rents for office real estate, but Berlin had the highest average rent. In Munich, the prime office rent amounted to ** euros per square meter, while the average rent was twice lower, at ***** euros per square meter. Prime rents refer to the top price segment in the market, usually buildings in the most desired locations and of the highest specifications.

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In Germany, the light industrial and logistics sector has been growing and occupying more real estate space, respectively. That is especially valid for Berlin, the city with the highest logistics take-up in 2022. Berlin was also among the top-three most expensive markets in terms of renting, with the prime rent at ***** euros per square meter and average rent at *** euros per square meter. Munich topped the ranking with prime and average rents of **** euros and *** euros per square meter, respectively.

This statistic illustrates the value of average monthly residential rents in European cities in 2018, in euros per square meter. It can be seen that London yielded the highest rents at **** euros per square meter, this was followed by Edinburgh and Dublin at **** euros per square meter and **** euros per square meter respectively. Comparatively, Berlin and Vienna had average residential rents of *** euros per square meter and *** euros per square meter.

Geneva stands out as Europe's most expensive city for apartment purchases in early 2025, with prices reaching a staggering 15,720 euros per square meter. This Swiss city's real estate market dwarfs even high-cost locations like Zurich and London, highlighting the extreme disparities in housing affordability across the continent. The stark contrast between Geneva and more affordable cities like Nantes, France, where the price was 3,700 euros per square meter, underscores the complex factors influencing urban property markets in Europe. Rental market dynamics and affordability challenges While purchase prices vary widely, rental markets across Europe also show significant differences. London maintained its position as the continent's priciest city for apartment rentals in 2023, with the average monthly costs for a rental apartment amounting to 36.1 euros per square meter. This figure is double the rent in Lisbon, Portugal or Madrid, Spain, and substantially higher than in other major capitals like Paris and Berlin. The disparity in rental costs reflects broader economic trends, housing policies, and the intricate balance of supply and demand in urban centers. Economic factors influencing housing costs The European housing market is influenced by various economic factors, including inflation and energy costs. As of April 2025, the European Union's inflation rate stood at 2.4 percent, with significant variations among member states. Romania experienced the highest inflation at 4.9 percent, while France and Cyprus maintained lower rates. These economic pressures, coupled with rising energy costs, contribute to the overall cost of living and housing affordability across Europe. The volatility in electricity prices, particularly in countries like Italy where rates are projected to reach 153.83 euros per megawatt hour by February 2025, further impacts housing-related expenses for both homeowners and renters.

Munich, Berlin, and Frankfurt am Main were the most expensive German cities for prime high street retail real estate in 2023. In the second quarter of the year, the monthly rent per square meter on the primary shopping street in Munich, Kaufingerstraße-Marienplatz, amounted to *** euros per square meter. On Tauentzienstraße, Berlin, retailers paid on average *** euros per square meter for a new letting of 100 square meters on a ground level with a six-meter shopfront.

In Germany, apartments were most expensive in Munich, with the average square meter price as high as ***** euros. In Cologne, on the other hand, the average square meter price was about ***** euros. According to the house price index in Germany, house prices in the country have seen an increase since the beginning of 2024, after declining from a peak in 2022.

The rental prices of prime office spaces per square meter varied greatly across different European cities in 2023, ranging from over ***** euros in London to *** euros in Riga. Prime office properties typically meet specific criteria, including a good location in major commercial centers, public transport accessibility, and energy efficiency. Where in Europe are offices most expensive? London, England, had the most expensive prime office spaces with the West End, Marylebone, and Knightsbridge/Chelsea submarkets commanding the highest prices. Other European cities with high-end office rents included Paris, Milan, and Dublin. Where is the most office space leased? Larger cities with flourishing economies tend to attract most businesses despite higher office space costs. Therefore, it is unsurprising that Germany's big Four (Berlin, Munich, Frankfurt, and Hamburg), Paris, and London had the highest take-up rates for office spaces across Europe. In Berlin and Luxembourg, the share of vacant office space was less than **** percent.