why is it happening all over europe ?
Population increase, plain and simple. Mass migration
My question is why is this happening and why is it happening all over europe ?
Increase in population generally?
Not really, as EU pop not rising by much.
https://ec.europa.eu/eurostat/stati...p/Population_and_population_change_statistics
The main issue is a lack of supply, not growth in demand.
My question is why is this happening and why is it happening all over europe ?
Increase in population generally?
Population increase, plain and simple. Mass migration
Increased concentration of economic activity in cities.
Migration from rural to urban
obviously the european financial system is also facilitating this by providing the liquidity and quantitive easing to allow people borrow the money to buy the properties.
General shortage of capital investment after the
Great Recession?
In Ireland taxpayers money is used to buy existing dwellings for social housing pushing up Dwelling house prices in Ireland
Investors will milk the rental market
well if the issue is lack of supply why has it suddenly happened, why did it not happen in the 2000s, 1990s or 1980s, something else is happening, in order for ireland to solve its housing it must fully understand what is really happening
To understand what is happening , is, in my opinion, a deliberate policy to treat housing as a commodity to buy and sell for profit.
Rather than a social provision that all people need as a necessity.
In coastal Spain (holiday resorts), there is no shortage of accommodation and nearly every road has apartments/duplexes/villas/houses for sale or repossessed. It is the same in the rural areas. In fact property was not been cheaper there since the 1990's. But, the locals can't afford to buy. The holiday home owners can't afford to sell at losses (even still) of 30% (at least) on their initial outlay in 2005. With the amount of Brits there Brexit has become a leading factor suppressing prices even after the recession. The Brits are neither buying or selling, just waiting and waiting. A few Brits are speculating though and buying at the upper end of the market in the hope of a relatively quick killing.
In major cities though, there are housing shortages. Strangely, property rentals in coastal Spain have never been dearer in the high season but still depressed in the winter/spring months.
But we have had that policy since long before the current shortage, so it seems unlikely to be the explanation.
But we have had that policy since long before the current shortage, so it seems unlikely to be the explanation.
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