The Property NomadsThe EU Housing Crisis Is Here - Here's Why...
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Rob talks about the housing crisis in Europe, focusing on an article from France 24, highlighting the soaring costs, lack of supply, and high interest rates that are pricing out renters and deterring prospective buyers. Rob draws parallels to the housing crisis in the UK and attribute it to government responses to the pandemic.
KEY TAKEAWAYS
- There is a housing crisis in Europe, with soaring costs, high interest rates, and a lack of supply.
- The crisis is not limited to Europe, as similar issues are also happening in the UK and other parts of the world.
- The demand for housing is higher than the supply, leading to increased prices.
- Government responses to the pandemic, such as furlough schemes and printing currency, have contributed to the housing crisis.
BEST MOMENTS
"Soaring costs across the EU are pricing out renters, deterring prospective buyers, preventing new homes from being built."
"The French capital is now the second most expensive city in the EU, behind Dublin."
"Large numbers of aspiring homeowners are now putting extra pressure on the strained rental market. Demand higher than supply, voila."
"Please do not continue to blame Russia for the rest of the EU situation. It's your own government that's gotten you into this mess."
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ABOUT THE HOST
Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.
BOOKS
Property FAQs = https://amzn.to/3MWfcL4
Buy To Let: How To Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
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