Property Rent Rates in UK Are Highest in Europe

Research from an online portal Easyroommate suggests that UK is the most expensive place in Europe to rent.

As such, rent rates in the country are 5% higher than in France, which, by the way, is the second most expensive place in Europe in terms of rental accommodation.

According to estimates, Brits spend 15% of their earnings on accommodation, which compares to 12% in Spain, for instance.

The average rent in London stands at 520 pounds per month, higher than in Paris or Madrid.

The research by Easyroommate was based on the analysis of 33,000 rental properties located in UK, French, Italy and Spain.

Commenting on the findings, Jonothan Moore of Easyroommate, said: "Flat sharers in the UK face much higher bills at the end of the month than their European counterparts. The combination of unaffordably high house prices with the ongoing lending crunch in the UK is leaving hundreds of thousands of frustrated buyers dependent on rental accommodation."