Ahead of the Baltics, Budapest lags behind in the competition – Market & Profit
On the continent in Riga and Vilnius to realize affordable yields for investors in the rental housing market, while the most expensive in Geneva and London can rent a square meter. The prices are much cheaper in Budapest.
The rental income to be paid is typical of the big cities in the Baltic countries, according to the latest summary of Catella, which is actively investing in several European cities. Riga and Vilnius in particular stand out, where rental yields are 5.25 percent. In these big cities, tenants typically face specific rents of € 10-11, while buying an apartment costs an average of € 1,800 per square meter. In the Estonian capital, Tallinn, the yield is 5 percent, with an average unit rent of € 13.2 per month and an average house price per meter of € 2,100.
Yields in the Polish regional centers were also around 5 percent. In large rural cities, monthly rents are typically around € 11-13, while in Warsaw it is just under € 14. There is a similar difference in house prices: the most expensive is Warsaw, where the average house price is almost 3,000 euros per square meter. In Prague, as in major European cities, investors can expect a return of 3.5 percent, with an average rent of € 12.4 per square meter and an average of € 3,740 per square meter in the Czech capital when buying a home, according to Catella.
The most expensive rental housing in Europe in Geneva (30.8 euros / m2 / month), London (30.7 euros / m2 / month), Luxembourg (30 euros / m2 / month), Paris (28.8 euros / m2 / month), They are in Zurich (€ 27 / m2 / month), Dublin (€ 26.1 / m2 / month), Amsterdam (€ 25 / m2 / month), Copenhagen (€ 22.5 / m2 / month); of the German cities, Munich leads, with a specific monthly rent of just over € 20. Home prices are similarly high, which means yields typically remain below 3 percent. For this, you can rent an apartment in Berlin (14 euros / m2 / month) or Vienna (13.9 euros / m2 / month) relatively cheaply.