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Why are Europeans opting out of buying property?

Euronews · 1 month ago
Euronews
Euronews
1 month ago

It's no secret that it's difficult to get on Europe's property ladder these days, but, surprisingly, extortionate house prices aren't the only reason people are choosing to rent. Europe in Motion unpacks the latest European Housing Trend report.

Breakdown
  • Average of 7.3 years needed to save for a deposit in Europe 19s
  • 53% of non-buyers are satisfied with renting 31s
  • 21% avoid buying to escape ownership responsibilities 47s
  • Registration duties and taxes can exceed 8% of house value 58s
  • Mobility is a key reason for renting, especially in Malta and Finland 1m 12s
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