Housing markets across the globe have experienced significant shifts in Q4 2024. Rising rents, driven by high demand and limited supply, are shaping the expatriate rental landscape. From Russia to Rome, here’s what you need to know.
Every quarter, our Data Points page is updated with the latest insights into global rental market trends, offering valuable information on how housing costs and availability impact expatriates’ quality of life and cost of living. In this blog, we’ll delve into the key housing trends highlighted in our Q4 2024 Data Points, with a focus on the markets where expatriates are most impacted by fluctuations in rental demand and supply.
Expatriate arrivals, including those from Russia, are fueling rent increases across all market segments. Limited supply and ongoing construction contribute to competitive pricing. The city is also seeing growth in serviced apartments, a popular option for business professionals seeking flexibility and convenience.
Government regulations have shifted properties to the social rental market, leading to reduced supply and rising rents in major cities like Amsterdam and Rotterdam. This has left many expatriates and locals scrambling for affordable housing.
Centrally located furnished apartments dominate the rental market. Energy efficiency upgrades and a preference for short term corporate leases are reducing the availability of traditional long-term options. These changes reflect broader European Union regulations aimed at reducing carbon emissions, further complicating the housing supply dynamics.
High Demand is exacerbating an already constrained rental market, with short-term rentals dominating and fierce competition for long-term housing. The situation is only expected to worsen as Rome observes the Holy Year in 2025, which is celebrated only once every 25 years and brings millions of pilgrims to the city.
The rental market in Russia is experiencing significant changes due to economic shifts that began in late summer. A sharp increase in mortgage interest rates has led to a notable transformation in the housing landscape.
As housing challenges persist, understanding regional trends is key for expatriates and mobility professionals navigating the rental landscape. Adapting to these changes with strategic housing policies is essential for success.
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