In 2023, the average buy-vs-rent ratio in Europe was 1.4. The highest ratios were in Austria at 2.7 and Germany at 2.0, 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 0.9 and 0.8 respectively, making buying more economical than renting.
Buy vs rent ratio for residential real estate in Europe in 4th quarter of 2023, by country
Austria, Europe, Finland, France, Germany, Italy, Netherlands, Norway, Portugal, Spain
Survey time period
Q4 2023
Supplementary notes
According to the source, the Buy-vs-Rent ratio is the ratio between the monthly mortgage repayment and the monthly rental value for the purchasable area in each market. The higher the ratio, the greater the cost of buying vs renting.
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BNP Paribas Real Estate. (May 30, 2024). Buy vs rent ratio for residential real estate in Europe in 4th quarter of 2023, by country [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1480149/buy-vs-rent-ratio-europe-by-country/
BNP Paribas Real Estate. "Buy vs rent ratio for residential real estate in Europe in 4th quarter of 2023, by country." Chart. May 30, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1480149/buy-vs-rent-ratio-europe-by-country/
BNP Paribas Real Estate. (2024). Buy vs rent ratio for residential real estate in Europe in 4th quarter of 2023, by country. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1480149/buy-vs-rent-ratio-europe-by-country/
BNP Paribas Real Estate. "Buy Vs Rent Ratio for Residential Real Estate in Europe in 4th Quarter of 2023, by Country." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/1480149/buy-vs-rent-ratio-europe-by-country/
BNP Paribas Real Estate, Buy vs rent ratio for residential real estate in Europe in 4th quarter of 2023, by country Statista, https://www.statista.com/statistics/1480149/buy-vs-rent-ratio-europe-by-country/ (last visited November 21, 2024)
Buy vs rent ratio for residential real estate in Europe in 4th quarter of 2023, by country [Graph], BNP Paribas Real Estate, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/1480149/buy-vs-rent-ratio-europe-by-country/