The HousingAnywhere International Rent Index report for Q2 2021 shows an overall price drop for single rooms across Europe, bringing the average rental price ts lowest point since 2015.

The sharpest price falls were observed in Helsinki, where prices for single rooms have dropped by 11.8% to €590pm, Rome, where prices have dropped by 10.4% to €506pm, and Madrid, where prices have dropped by 10% to €462pm. 

At the same time, rental prices for apartments are rising fast throughout Europe. Rotterdam prices broke a trend of two years, showing a quarterly increase of 3.9% to €1,344. Berlin saw a reversal of the controversial rent cap (Mietendeckel), which was ruled unlawful by the German constitutional court. As a result, a price correction can be seen in the German capital, with an increase of 10.6% to €1,240. In Madrid apartment rental prices increased by 5.3% to a monthly average of €1,178.

Djordy Seelmann, CEO at HousingAnywhere, said: “This would be a good time for students and young professionals to start looking for accommodation abroad. While prices for rooms are at an ultimate low at the moment, they are expected to start rising again once travel restrictions are lifted.”