London Property Prices Versus the Rest of the World

In June 2015, statistics revealed that the average rental cost for a house or apartment in London has reached £1,515 (USD 2,363) a month.

For the same price, you could have your own private pool in Indonesia, a Central Park-adjacent apartment in New York City, or a Mexican mansion. Tempted?

As rental costs in the UK reach an all time high, global real estate portal Lamudi looks at the rental opportunities around the world, for the same cost as living in the capital city.

LONDON, UK

£1,517 / $2,364 per month

Bedrooms: 0

Rent in Chelsea

First floor studio flat with separate kitchen and toilet, a short distance from South Kensington, Gloucester Road and Sloane Square tube stations.

TAMARIN, MAURITIUS

Modern, Mauritian masterpiece in Tamarin

~ £1,400 / $2,186

Bedrooms: 3

Leave studio life behind. It’s not for you. Rent 200 square meters of paradise on the western coast of Mauritius. You could make yourself at home among Tamarin’s picturesque hills, relax in the pool or just take in the joys of life from your own garden terrace – it’s a hard life.

BALI, INDONESIA

Three bedroom villa with a private pool

~ £1,397 / $2,182 per month

Bedrooms: 3

For the same price as a studio flat in central London, you could live in a stunning villa on the island of Bali. We know it’s a tough choice. The house is only a three minute walk from the picture-perfect Sanur Beach, and you would even have your own pool.

SYDNEY, AUSTRALIA

Spacious apartment in the heart of Sydney

~ £1,510 / $2,354

Bedrooms: 2

Two key factors here: light and space. Added perks: more than one room, and all the restaurants and shopping facilities you could want right on your doorstep, which, additionally, is secured and monitored by a concierge.

NAIROBI, KENYA

Immaculate family home in Westlands

~ £1,498 / $2,339

Bedrooms: 4

From zero bedrooms to four, you won’t be short of space with this budget in Kenya. Four ensuites, ample parking, balcony and a functioning fireplace – everything you could need for a family home, all for less than a studio in central London.

BERLIN, GERMANY

Chic in the city

~ £1,179 / $1,838

Bedrooms: 1

For much less than the cost of a simple studio in London, why not rent a chic rooftop apartment in the upmarket area of Prenzlauer Berg in Berlin. Even the balcony (11 square meters) is bigger than most London apartments!

CEBU, THE PHILIPPINES

Brand new luxury condo in Cebu

~ £1,489 / $2,415

Bedrooms: 2

For less than the average monthly rent in London, you could be a tenant in a brand new, fully-furnished, luxury condominium in Cebu City. Tenancy includes membership to the Cebu City Sports Club, so there is no need to spend any of your hard-earned monthly income on an additional gym membership.

NEW YORK, USA

Pre-war studio apartment on the Upper East Side  

~ £1,505 / $2,350

Bedrooms: 0

It may be small, but included in the price you get an Upper East Side address, only a few blocks from the famous Central Park. Unfortunately, despite the price tag, the building doesn’t include laundry services so you will have to take your washing elsewhere.

GALLE, SRI LANKA

Hilltop boutique bungalow with scenic views

~ £1,434 / $2,239

Bedrooms: 4

Who needs to be near three tube stations when you could be a 15 minute drive from a beach and a UNESCO World Heritage Site?

CHIHUAHUA, MEXICO

Everything you could need in Chihuahua

~ £1,527 / $2,381

Bedrooms: 5

Pay only slightly more than the average rent of a property in London, and go all out with an 800 square meter, five bedroom, four bathroom, family home in Mexico. Perks include a swimming pool, gym, jacuzzi, barbecue area and heated garage. Yes really.