Top 5 Most Expensive Cities to Rent Property

Whether you are a young adult searching for your first apartment or a family in need of a new place, you need to decide what you want your new apartment to look like and choose an area or neighbourhood. Before you go for viewings, check these most recent listings properties for rent, which will help you set up your mind in the right direction.  In meantime, check these top 5 most expensive cities to rent property.  

 

 

5. Singapore

Rental share: 33% of income

Rent per square foot: €3.12

Monthly rent for a single person: €1,311.12

Annual income needed for a single person: €54,253.09

Singapore is a small island country, a microcosm of Asia. It is populated by Malays, Chinese, Indians, and a large group of workers and expatriates from all across the world. Combining the skyscrapers and subways of a modern, affluent city and a tropical climate with tasty food, good shopping and a vibrant night-life scene, this Garden City makes a great place to work and live.

 

 

4. Dubai

Rental share: 55,4% of income

Rent per square foot: €3.30

Monthly rent for a single person: €1,386.13

Annual income needed for a single person: €57,357.07

Dubai is a stirring alchemy of profound traditions and ambitious futuristic vision. It has emerged as a global city and business hub of the Middle East. Dubai offers many opportunities to become rich and wealthy in Dubai. Plus it is a tax-free country with massive tax advantages for those who live and work there. you can have everything you earn to yourself.

 

 

3. Hong Kong

Rental share: 64% of income

Rent per square foot: €3.59

Monthly rent for a single person: €1,506.60

Annual income needed for a single person: €62,342.20

Hong Kong is known worldwide for its jungle of glass and stones and deep natural harbour. Hong Kong, being one the richest cities, has the highest population and employment density in the world. That’s why the rent there is skyrocketing, making the number of people living in 1.8 m2 “coffin” homes.

 

 

2. New York city

Rental share: 63,1% of income

Rent per square foot: €4.44

Monthly rent for a single person: €1,865.30

Annual income needed for a single person: €77,184.70

New York is a meeting place of urban wanderers & an epicentre of culture and history. If you want to be a homeowner, dream on. Only rich people can afford to buy homes there. Rent in the Big Apple is going up as well. It’s time to consider getting a better paying job, roommate or moving somewhere else.

 

 

1. San Francisco

Rental share: 50,5% of income

Rent per square foot: €4.64

Monthly rent for a single person: €1,946.22

Annual income needed for a single person: €80,533.20

If you want to call the rolling hills of the City by the Bay home, or indeed anywhere close to them, get ready to splash some big bucks on your lodgings. Policymakers and developers say that housing is not going to get any cheaper, contrary the price is increasing 2-3% every year.

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