In 2023, Germany led European countries in household expenditure on housing rentals, with the United Kingdom and France trailing. Spain, Italy, and the Netherlands showed moderate spending, while Northern and Eastern European nations recorded minimal expenses. Notably, expenditure variations display a diverse landscape: Estonia, Lithuania, and Ireland exhibited substantial increases, indicating active rental markets or economic inflation pressures. Conversely, Norway experienced a decline, suggesting market saturation or economic influences.
Looking into 2024 and beyond, expect shifting economic conditions to impact housing rental expenditures. Countries with lower historical spending, such as Eastern Europe, may see accelerated growth, driven by urbanization and economic expansion. Western European markets will likely stabilize, balancing between supply-demand dynamics and inflationary trends.
Top countries in Household Expenditure on Housing Rentals by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 129,450 | 2023 | +1.79% | +1.71% | View data |
| 2 | 2 United Kingdom | 104,820 | 2023 | +1.86% | +2.36% | View data |
| 3 | 3 France | 66,070 | 2023 | +2.7% | +3.07% | View data |
| 4 | 4 Italy | 25,940 | 2023 | +1.72% | +2.05% | View data |
| 5 | 5 Netherlands | 24,800 | 2023 | +4.09% | +3.89% | View data |
| 6 | 6 Spain | 22,690 | 2023 | +2.14% | +1.65% | View data |
| 7 | 7 Sweden | 20,770 | 2023 | +1.81% | +1.94% | View data |
| 8 | 8 Belgium | 15,190 | 2023 | +3.32% | +3.84% | View data |
| 9 | 9 Denmark | 12,850 | 2023 | +3.16% | +3.22% | View data |
| 10 | 10 Austria | 9,120 | 2023 | +2.78% | +3.2% | View data |
