Eurozone housing affordability worsens due to high inflation and ECB's interest rate hikes.
Eurozone housing affordability worsens due to high inflation and increased borrowing costs, per European Central Bank (ECB) research. Lower-income households anticipate late payments for utilities and rent, rising from 15% in 2023 to over 20% in Q1, with mortgage payment delays nearly doubling to 30%. The ECB's interest rate hikes to curb inflation have impacted the property market, reducing new investments and increasing rental pressure.
April 22, 2024
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