One of the main factors driving high rents across European cities is the same as any other consumer-driven business. If demand outweighs supply, prices will inflate. The drive for high paid professionals to be located centrally in prime locations, mixed with the low levels of available space, high land, and construction costs, all keep rental prices increasing.
The source adds the following information: "About 94% (and 59%) of the listed properties were fully furnished (and included electricity and gas), geared towards servicing young professionals and students relocating across the borders."
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Housing Anywhere. (December 1, 2023). Average monthly rental cost of furnished studio flats in selected European cities in 3rd quarter 2023, by city (in euros) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1084539/average-rental-cost-studio-europe-by-city/
Housing Anywhere. "Average monthly rental cost of furnished studio flats in selected European cities in 3rd quarter 2023, by city (in euros)." Chart. December 1, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1084539/average-rental-cost-studio-europe-by-city/
Housing Anywhere. (2023). Average monthly rental cost of furnished studio flats in selected European cities in 3rd quarter 2023, by city (in euros). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1084539/average-rental-cost-studio-europe-by-city/
Housing Anywhere. "Average Monthly Rental Cost of Furnished Studio Flats in Selected European Cities in 3rd Quarter 2023, by City (in Euros)." Statista, Statista Inc., 1 Dec 2023, https://www.statista.com/statistics/1084539/average-rental-cost-studio-europe-by-city/
Housing Anywhere, Average monthly rental cost of furnished studio flats in selected European cities in 3rd quarter 2023, by city (in euros) Statista, https://www.statista.com/statistics/1084539/average-rental-cost-studio-europe-by-city/ (last visited August 24, 2024)
Average monthly rental cost of furnished studio flats in selected European cities in 3rd quarter 2023, by city (in euros) [Graph], Housing Anywhere, December 1, 2023. [Online]. Available: https://www.statista.com/statistics/1084539/average-rental-cost-studio-europe-by-city/