Latest news and articles about rents from NEX English
A recent study reveals that rents in many European capitals exceed minimum wage levels, placing a significant burden on low-income households. In some cities, minimum wage workers need over 150% of their salaries just to cover rent costs.
The real estate market in the country is experiencing a sharp decline in buying and selling activities, reaching its lowest levels. Meanwhile, rental prices have increased by at least <strong>30%</strong>, adding pressure on citizens.
The leftist movement Sumar is pressuring the Spanish government to pass a housing law that freezes rents, despite strong opposition from the Junts party. The law aims to protect tenants ahead of the voting date on May 6.
Germany is experiencing a severe housing crisis as business associations warn that the situation is worsening due to rising construction costs. Despite government efforts to expedite building procedures, demand for housing continues to far exceed supply.
On March 10, the European Parliament voted in favor of a special committee's recommendations on the housing crisis, with 367 votes for and 166 against. This marks a significant step towards establishing a comprehensive housing roadmap for the EU, although real authority remains with local governments.