Buy-vs-rent ratio for residential real estate in Europe 2023, by country

Published by Statista Research Department, Jul 25, 2024

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

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Source

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Release date

May 2024

Region

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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