Rental prices in Europe are increasingly high. According to a Eurostat study, the average price for an unfurnished one-bedroom flat in the cities of London, Geneva and Dublin exceeds €2000. Eastern European cities generally have the lowest rental costs, such as in Skopje (€250), Pristina (€310) or Ankara (€410).
Do you think that Europe has already reached a housing crisis? And if so, how do you think we can get out of this situation?
Source: Eurostat
If housing is an investment vehicle for growing your money, then the people who can participate in that system will work to produce outcomes that fundamentally go against affordable housing. A society that believes in affordable housing as a right or a goal can’t allow housing to be used as a place to park wealth so that it grows akin to a stock.
Whatever prices are, they are higher when a landlord is involved. We must get progressively outlaw multiple pieces of land. Owning more than two homes/flats should cost the owner something every year, not generate wealth - and that second one should be nearly neutral.