The housing crisis is felt by the inhabitants of almost all European countries. Property prices and rents have risen. In most countries, the number of homeowners has fallen. In more than a third of EU countries, housing is one of the biggest concerns of young people. This follows from the data of the Eurostat report from 2023.
Luxembourg
19:10 May 6, 2024
Share on Facebook
Share on LinkedIn
Print
Copy the url address
Abbreviated address
Copy to clipboard
Close
Housing is one of the biggest concerns, especially for young people Photo: René Volfík | Source: iROZHLAS.cz
Between 2010 and 2022, property prices in the European Union rose by an average of 47%. In some countries, they have tripled. Estonia, for example, saw an increase of 192%. There was a decrease in only two member countries, specifically in Italy and Cyprus, according to the Eurostat report from November.
I would buy an apartment from 2+1, smaller ones are not worth it. The next Prague Letna will be Michle and Nusle, advises the broker
Read the article
Rent prices have also increased over the same time period. With the exception of Greece, there was an average increase of 18% in all EU states. The biggest increase was in Lithuania by 144%, and in Ireland by 84%, writes The Guardian.
Partly as a result of this, the proportion of households whose total housing costs represent 40% or more of their income has increased. An average of 10.6% of households in the EU live in such conditions in cities and 6.6% in rural areas. The proportion in Czech cities corresponds to the European average, in rural areas it is below the average.
In Germany, where more than half of the population sublet, the Federal Statistical Office calculated last year that one in five households spends at least two fifths of their net income on rent.
Apartment prices started to rise again last year, in Prague, a square meter costs 112,000. Housing was the most expensive in 2022
Read the article
According to a report last year by Eurofound, the EU’s social policy agency, home ownership is falling across Europe, in some countries by three percentage points or more.
In the EU, an average of 31% of people live in a sublet, the remaining 69% own their household. The largest share of owners is in Romania, roughly 95%. In the Czech Republic, this share is 77%.
Housing is one of the biggest concerns, especially for young people. According to the 2022 Eurobarometer survey, it is the main issue for almost a quarter of 25-34 year olds in more than a third of EU member states.
etc
Share on Facebook
Share on LinkedIn
Print
Copy the url address
Abbreviated address
Copy to clipboard
Close
