Rental prices among the highest in Europe

The amount needed to buy a flat in Poland is sufficient to rent it for 15 years, whereas the European average stands at 26 years, according to an analysis by Lion's Bank. Housing rental prices in Poland are two times higher than in Germany and even three times bigger than in Austria. The best ratio of rental prices to property prices is in Monaco, where instead of buying a premise you can rent it for 66 years. The second and the third spots were taken by Austria and Cyprus, where the sum of monthly paid rents would equal the value of a property after 46 and 42 years, accordingly. "In Poland, it is less than 15 years, which gives Poland the fourth place (out of 31) and ranks our country among those with the most expensive rent prices. Worse rental rates compared to purchase prices are only in Romania, Hungary and Montenegro," the report concludes.