While it is difficult to become a home owner in Europe, where housing prices and rents have recorded a record increase due to the coronavirus epidemic, the ongoing protests, despite the rising prices, lead politicians to seek solutions.
Rising housing prices and rising rents also cause reactions from large real estate companies in many European countries.
While housing prices and rents are increasing rapidly in almost all European countries due to the coronavirus, the epidemic brings with it concerns about social equality and financial stability.
HOUSING PRICES INCREASED 30.9 PERCENT
According to the data of the European Statistics Office (Eurostat), house prices in EU countries, measured by the House Price Index, increased by 30.9 percent in the period from 2010 to 2021.
In the first quarter of the year, there was a serious increase in housing prices in the EU countries, which had economic hard times due to the epidemic and the accompanying price increase.
Increase; 17 percent in Luxembourg, 15.3 percent in Denmark, 11.9 percent in Czechia, 11.3 percent in the Netherlands, 9.4 percent in Germany, 5.5 percent in France and Belgium It was 6.7.
The increase in the first quarter was recorded as the highest increase since mid-2007, while the European Central Bank (ECB) stated that Germany, France and the Netherlands accounted for almost three-quarters of the total housing price increase in the region last year.
"IMMIGRANT FLOW AND HOUSING SUPPLY PRICES ARE FILLING"
Analysts said that the low housing supply, the influx of immigrants, the lowest interest rates in history, the savings accumulated due to the restrictions during the epidemic and the increasing desire to be in more space with working from home accelerated the upward trend in housing prices.
WARNING FROM THE NATIONAL BANK OF AUSTRIA
The House Price Index of the Austrian National Bank (OeNB), which was 127 points 10 years ago, has almost doubled to 245 points.
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