In one European country, almost half of all homeowners have a second property. Across the bloc, the appeal tends more to be one of leisure than investment.

Brussels

A recent European housing trend report by REMAX shows that while 69% of Europeans own their primary residence, a quarter of these homeowners also possess a second property. The motivations for owning a second home vary, with many using them for leisure, future retirement, or as rental investments. Bulgaria has the highest proportion of second-home owners, with nearly half of homeowners having a secondary residence, followed by Greece and Croatia. In contrast, the Netherlands and Ireland report the lowest rates of second-home ownership, attributed to financial constraints. The growing prevalence of second homes has led to concerns about rising property prices, ghost towns, and over-tourism, prompting stricter regulations and increased taxes on such properties in several EU countries.

Which EU countries lead in second-home ownership?

wherein the EU is owning a second home most common. For many Europeans, the dream of buying their own home has come true, as 69% own the home they live in. Of all homeowners in Europe, a quarter even own a secondary residence, according to REMAX's latest European housing trend report. For many, the appeal tends to be more one of leisure than investment. Half of respondents with a secondary residence use it as a holiday home, while a quarter of people see it as a future retirement spot. Practical purposes include renting it out either on yearly contracts or via short-term homestay platforms like Airbnb. Others use it as part of an investment portfolio or to live between two cities. Around 2 in 5 Europeans have a second home in their country of residence. Meanwhile, those living in colder climates like Ireland are more likely to have a secondary residence abroad. Bulgaria has the largest share of people who own a second property. Almost half of all homeowners have a second residence, a figure far surpassing the European average. It is followed by Greece and Croatia. On the other side of the spectrum lies the Netherlands, where fewer than 1 in 10 homeowners have a second property. In Ireland, just 11% own a second home. The report notes this is due to financial constraints. Across Europe, discontent with second home ownership is mounting amid concerns about this fueling rising property prices, the existence of ghost towns and over-tourism. This has spurred tighter regulations on short-term holiday rentals and rising taxes on second homes.

It's been 13 days since President Trump said he could strike a peace deal in Ukraine, following his meeting with Russia's leader, Vladimir Putin. But Russia shows no signs of backing down, launching an aerial assault on Kyiv.

Kyiv

Ukraine Invasion

Russian attack on Kyiv kills more than a dozen people

The shooter in Minneapolis fired more than 100 rounds from a rifle at the church where students at Annunciation Catholic School attended Mass. City and state officials highlighted this fact as they called for stricter gun control.

Minneapolis

Minneapolis officials call for stronger gun laws after school shooting

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Annunciation school shooter had knowledge of church he targeted

The White House is responding to Centers for Disease Control and Prevention Director Dr. Susan Monarez's refusal to step down from her role. CBS News' Olivia Rinaldi reports.

Washington

White House reacts to CDC director refusing to step down from role

In Tehran on Thursday, Iran’s currency traded at over 1 million to $1. At the time of the 2015 accord, it traded at 32,000 to $1, showing the currency’s precipitous collapse in the time since.

Tehran

Europe prepares sanctions as Iran's currency falls

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FBI investigating Minneapolis Catholic school shooting as hate crime

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New York

Middle East Conflict

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Copenhagen

Denmark accuses U.S. of covert operations in Greenland

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Minneapolis Catholic school shooting leaves two children dead

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Nuuk

Denmark summons U.S envoy over claimed interference in Greenland

SpaceX on Tuesday launched its Super Heavy-Starship, the most powerful rocket in the world, for a test flight after three other flights failed earlier this year. NASA hired SpaceX to build a lunar lander version of Starship to carry astronauts to the moon.

Starbase

SpaceX launches Super Heavy-Starship in test flight

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New Delhi

Global Tariffs

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Tel Aviv-Yafo

Protesters urge Netanyahu to reach hostage deal

Cracker Barrel says it will go back to its old logo after facing intense backlash and seeing its company value to sink by nearly $100 million after switching to a new design last week. In a statement, Cracker Barrel thanked their guests for sharing their voices.

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The small West Tennessee town of Mason, just 2 square miles in size, is home to about 1,000 people. But its residents are now divided by what a new immigration detention facility will mean for the area.

Mason

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Australia accused Iran on Tuesday (August 26) of executing two antisemitic arson attacks in the cities of Sydney and Melbourne and gave Tehran's ambassador seven days to leave the country, its first such expulsion since World War Two.

Council of the City of Sydney

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Texas

Rise of AI

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Kilmar Abrego Garcia is back in ICE custody and is facing deportation to Uganda, the Department of Homeland Security says, after he was released from criminal custody last week.

Baltimore

Abrego Garcia in ICE custody, court blocks immediate deportation

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Chicago

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Jerusalem

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National Guard patrolling Washington DC begin carrying weapons

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Breakdown