Inflated rents, high interest rates and lack of supply create European housing crisis

A protester shouts holding a sign reading “I want to leave my parents’ house but the rent didn’t let me” at a demonstration for better housing conditions in Lisbon, Portugal, on September 30, 2023. © Patricia de Melo Moreira, AFP

Soaring costs across the EU are pricing out renters, deterring prospective buyers and preventing new homes from being built. As Europe’s housing crisis grows, so do homelessness rates across the bloc. What are the solutions to Europe’s housing crisis?

The month of September is always a busy time for the rental market in Paris. As students return to the city after the summer break, demand for lower-priced accommodation soars.