Dublin voted sixth most expensive capital in the world for renters – archyde

Dublin is the world’s sixth most expensive capital for renters, according to a new report.

As the Irish Times According to reports, the study by the UK insurance group CIA Landlord looked at the average cost of renting one-bed apartments in 38 capital cities around the world.

Dublin ranked sixth on the basis that a single bed unit rental costs an average of £ 1,397 (€ 1,643) a month and requires a net monthly salary of £ 2,515 (€ 2,960).

Renting a similar apartment on the outskirts was slightly cheaper at £ 1,206 (€ 1,419) a month. “Dublin is not a great destination for cheap rents,” the report said.

The most expensive capital city for renters was Monaco, where the average rent was £ 2,973 per month for a net monthly salary of £ 5,236.

It was followed by London (£ 1,685), Washington (£ 1,676), Hong Kong (£ 1,658) and Singapore (£ 1,584).

However, Dublin was the third most expensive city in Europe, ahead of Luxembourg, Amsterdam, Stockholm and Copenhagen. The cheapest European capital was Sarajevo, where the median monthly rent was £ 224, for a net wage of £ 533.

The results come amid a sharp acceleration in rents here. According to the real estate website Daft.ie, rents across the country are now increasing by 6.8 percent annually.

The company’s latest quarterly report said its website had only 1,460 apartments for rent on November 1, the lowest number since the quarterly series began in 2006. Of these, only 820 were in Dublin.

The CIA Landlord report also rated the most expensive cities to buy real estate. Monaco was again the top spot at £ 62,860 per square meter for those looking to buy a home in the city.

This was followed by Hong Kong (£ 24,066), Singapore (£ 13,876), Beijing (£ 13,031), London (£ 12,189) and Paris (£ 11,016).

Dublin was the 25th most expensive city in the world for buyers at £ 5,131 per square meter.

“Monaco residents are known for lavish lifestyles with expensive goods and fast cars. Their properties are no different – those renting a condominium in Monaco city center can expect to pay an average of £ 2,973 for a one-bedroom apartment, ”the report said.


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