The average rent for non-subsidized housing in Finland amounted to ***** euros per square meter in 2023. Helsinki was the city with the highest monthly rent, totaling over ** euros per square meter. In the rest of the country, the average stood under ** euros per square meter.

This statistic shows the average rent price of residential property in Finland from the third quarter 2016 to the third quarter 2019 (in euros per square meter). In the third quarter of 2019, the average rent in Finland was approximately ***** euros per square meter. This was an increase when compared to the same period in the previous year. The European housing, or residential real estate market, has recently shown clear signs of recovery, with an increasing house price being the main trend.

Helsinki was the most expensive city to buy an apartment in Finland, with an average square meter price of ***** euros. In Lahti, the most affordable city, the price was ***** euros per square meter. According to a January 2023 forecast, house prices in Finland are set to increase in 2024.

The highest annual prime rents for industrial properties in Finland as of the third quarter of 2019 was in Helsinki. The average rent for a prime location in the capital city reached 111 euros per square meter during this period. Turku and Tampere followed, with the same average price of 99 euros per square meter.

The prime rent for office real estate in Helsinki, Finland, declined in the second quarter of 2023. From about 45 euros per square meter per month as December 2022, the cost of prime office space fell to 40 euros per square meter.

The United Kingdom (UK) is the most expensive European country for annual costs of prime industrial rent. The annual rent for industrial space in London Heathrow in the first quarter of 2025 cost ***** euros per square meter. Switzerland, Norway, Ireland, Finland, and Luxembourg were the other European countries where the average annual cost of industrial prime rents in the capital city exceeded *********** euros per square meter.

In 2023, the most expensive residential rental market in Europe was London (inner) with rental costs of approximately **** euros per square meter. Dublin and Paris followed with rental costs of **** and **** euros per square meter. Rents increased across most markets - a trend that could also be observed in the housing market. How much does an apartment cost in different European cities? Renting a furnished studio apartment in some of the leading cities in Europe can cost anywhere between *** euros monthly (Budapest) and ***** euros (Amsterdam) per month. For afurnished one-bedroom apartment in Paris, France, one may be expected to pay on average ***** euros monthly. Which countries have the most affordable housing? The house price to rent ratio is an indicator of the affordability of owning housing over renting across European countries and is calculated as the nominal house prices divided by a rent price index. The higher the ratio, the more the gap between house prices and rental rates has widened since 2015 when the index base was 100. As of the fourth quarter of 2021, Finland, Italy, and Belgium had the lowest house price to rent ratio, meaning that buying a house was most affordable there compared to renting.

In 2023, the average buy-vs-rent ratio in Europe was ***. The highest ratios were in Austria at *** and Germany at ***, indicating that it was more than twice as expensive to buy than to rent in these markets. The lowest ratios were found in Spain and Finland, at *** and *** respectively, making buying more economical than renting.

The house price to income index in Europe declined in almost all European countries in 2023, indicating that income grew faster than house prices. Portugal, Luxembourg, and the Netherlands led the house price to income index ranking in 2023, with values exceeding *** index points. Romania, Bulgaria, and Finland were on the other side of the spectrum, with less than 100 index points. The house price to income ratio is an indicator for the development of housing affordability 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. A ratio higher than 100 means that the nominal house price growth since 2015 has outpaced the nominal disposable income growth, and housing is therefore comparatively less affordable. In 2023, the OECD average stood at ***** index points.