Based on the provided data for 2024, Germany leads European household expenditure on housing rentals with 27.42 million Euros, followed by the United Kingdom at 22.2 million Euros, and France at 14 million Euros. Italy and Spain, traditionally known for high homeownership rates, follow behind with 5.49 and 4.81 million Euros, respectively. Significant year-on-year variations show Ireland (+6.75%), Poland (+6.44%), and Estonia (+27.23%) having the highest growth rates in 2023. Conversely, Norway experienced a decline of -2.98%. Finland and Slovakia showed healthy increases, while other smaller countries depicted notable progress such as Lithuania (+13.16%) and Romania (+9.24%).
Future trends to watch for European household expenditure on housing rentals include continued divergence between countries with robust fiscal policies and those still recovering from economic downturns. Countries like Ireland, Poland, and Estonia may continue to see higher growth rates owing to urbanization and economic recovery efforts, whereas markets like Norway may stabilize or decline further due to diverse economic factors.
Top countries in Household Expenditure on Housing Rentals Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 27.42 | 2023 | +1.79% | +1.71% | View data |
| 2 | 2 United Kingdom | 22.2 | 2023 | +1.86% | +2.36% | View data |
| 3 | 3 France | 14 | 2023 | +2.7% | +3.07% | View data |
| 4 | 4 Italy | 5.49 | 2023 | +1.72% | +2.05% | View data |
| 5 | 5 Netherlands | 5.25 | 2023 | +4.09% | +3.89% | View data |
| 6 | 6 Spain | 4.81 | 2023 | +2.14% | +1.65% | View data |
| 7 | 7 Sweden | 4.4 | 2023 | +1.81% | +1.94% | View data |
| 8 | 8 Belgium | 3.22 | 2023 | +3.32% | +3.84% | View data |
| 9 | 9 Denmark | 2.72 | 2023 | +3.16% | +3.22% | View data |
| 10 | 10 Austria | 1.93 | 2023 | +2.78% | +3.2% | View data |
