According to data from the consulting company Global Property Guide for the first half of 2024, Latvia, Ireland and Italy lead TOP 5 countries in Europe with the highest average rental income. In Latvia it is just over 8% per annum, the repayment period is about 12 years.
Top 5 European countries with the highest real estate rental yields:
1. Latvia - 8.06%
2. Ireland – 7.85%
3. Italy – 7.38%
4. Romania – 6.63%
5. Lithuania – 6.44%
The average yield is the lowest in Luxembourg - only 2.7% per year. For example, a two-bedroom apartment costs an average of EUR 1.2 million, and the rent for it is EUR 2,800 per month. Thus, in the best case, the property will pay off only after 37 years.
Among the countries with the worst rental returns are: Switzerland – 3.05%; Austria – 3.59% and Malta – 3.66%.
Among cities, the best European five is headed by the capital of Ireland, Dublin, with an indicator of 7.33% of annual rental income. Next: Istanbul (Turkey) – 6.63%, Riga (Latvia) – 6.46% and Bucharest (Romania) – 6.36%.
You can see detailed statistics on average property prices in Bulgaria by cities and neighborhoods HERE