The mayors pointed out that the housing crisis has reached critical levels, particularly affecting key workers and middle-class households, threatening cities' competitiveness and social foundations.
They urged immediate action from the EU, emphasizing the urgency of addressing the housing crisis as protests have become common in cities like Madrid and Milan.
Between 2010 and 2022, housing prices soared 47%, with increasing rents forcing many households to spend over 40% of their income on housing.
The letter highlighted that the mayors have limited resources for tackling the crisis, leading to difficult decisions on whether to prioritize new housing or enhance existing options.
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