Locked out of the housing market: Why young Europeans cannot afford to buy a home
TL;DR
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Young Europeans are less able to afford homeownership than previous generations. Those born between 1975 and 1985 had a homeownership rate of 58 percent at age 32, compared to 60 percent for those born in 1975. Rising interest rates, higher house prices relative to income, and job insecurity make purchasing difficult.
Source: euronews.com
Same event
- Europe: Rising Rents - Homeownership Becoming Increasingly Unrealistic for Many
- Germany: Fewer and fewer people own property
- Locked out of the housing market: Why young Europeans cannot afford to buy a home
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