The article investigates the significant and growing housing crisis in Europe, highlighting how rising costs impact affordability across various countries. Data from the European Parliament reveals that house prices in the EU surged by nearly 50% from 2015 to 2023, while rents rose by 18% over a similar period. The article discusses contributions from housing experts portraying the struggle of locals versus wealthy foreigners, particularly in cities like Lisbon and Amsterdam, suggesting systemic issues linked to policy decisions since the 2008 financial crisis have exacerbated the crisis.
According to the European Parliament, from 2015 to 2023, in absolute terms, house prices in the EU rose by just under 50% on average.
Older, long-term residents live in secure and affordable social housing while younger people and recent arrivals, often on lower incomes, are left to the costly and insecure private housing sector.
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