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Senior Politico reporter, Aitor Hernandez-Morales, discusses Europe's housing crisis mirroring Canada's. Topics include rising prices, lack of public housing, gentrification in Rome, government funding decline, far-right party rise, and Spain's proactive approach.
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- Europe is facing a housing affordability crisis with house prices soaring by 200% in some countries.
- The shift towards privatization of housing in Europe has led to a lack of affordable housing options.
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Housing Crisis in Europe
The housing crisis in Europe has escalated over the past decade, affecting various EU countries dramatically. House prices across the EU have increased significantly, with rises of around 46% on average. In countries like Estonia and Hungary, house prices have skyrocketed by 200% or more in the last 10 years. Even economically stable nations like Germany have seen a surge of 75% to 100% in house prices. This crisis has made housing unaffordable for the average European, leading to day-to-day struggles for many.
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