London remains the most expensive city in Europe

Frustrated tenants struggling to afford to live in London can feel vindicated, as a new report shows that the cost of renting in the capital is the most expensive in Europe and one of the most expensive in the world.

Research by Spotahome, the international rental marketplace, looked at the cost of a one-bedroom flat and found that the average monthly rent in London currently stands at £1,762, which is £240 per calendar month (pcm) more than Dublin, which ranks second most expensive.

But when looking at the mix of rental affordability and safety, for those looking to move once travel lockdown restrictions have eased, the capital ranks lowly, with a rent safety index score of just 37.1,  which is more than treble the score recorded in Lisbon. 

Spotahome attributed each city with a safety rental score, based on a combination of its safety rating and the monthly cost of renting an apartment in the city centre, to find which cities offered the most affordable option with the greatest peace of mind.

The Portuguese capital tops the table with a very respectable safety index score of 72 and an average monthly rent of £803, resulting in an overall safety rental score of 11.1. 

The Spanish capital of Madrid ranks second, with a safety index score of 70 and an average monthly rent of £886 resulting in a score of 12.7 overall.

Other cities to rank highly include Berlin (13.9), Brussels (15.1) and Rome (17.5).

Dublin ranks just above London with an overall score of 30, just behind Paris (22.1).

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