Last news in Fakti

People are migrating to other countries due to the lack of housing

The housing crisis makes one in four Europeans think about emigrating

Oct 30, 2024 09:21 128

People are migrating to other countries due to the lack of housing  - 1

The housing crisis in Europe is growing and this is the main reason that one in four Europeans is considering the possibility of emigrating migrates to a country other than his home country. This is according to a survey of nearly 20,000 Europeans conducted by the consulting company RE/MAX.

A high percentage of respondents indicate that they have “tightened their belts” in order to be able to afford the purchase of a home with a mortgage loan. To date, interest rates on this type of credit have reached 4.5%.

The Irish are the nation that best outlines the dangerous trend emerging in the market. Over 30% of them intend to move to another country, due to the high rate of inaccessibility to the housing market.

Nearly 20% of respondents say they are struggling with housing affordability, limiting other expenses.

You can see detailed statistics on average property prices in Bulgaria by cities and neighborhoods HERE