Housing Costs Outpace European Incomes
23h
Housing affordability weakened across Spain, Germany and Greece: Spanish home prices outpaced wages nearly fourfold over 13 years, German rents rose and Greek mortgages reached 80% of home values.
Reposted by Luis Enrique Otero Carvajal
The price of owner-occupied homes has risen almost four times faster than wages over the last 13 years
A CC OO report highlights the impact of the rising cost of premises on business activity and estimates that a 30% drop in home prices could create up to 411,000 jobs
Reposted by Dave O’Brien
House prices seem to be a symptom, rather than a driver, but strong growth is associated with higher ratings of local retail & leisure and some public services, and more progressive local ideological climates
House prices seem to be a symptom, rather than a driver, but strong growth is associated with higher ratings of local retail & leisure and some public services, and more progressive local ideological climates