affordable

Ireland Faces Housing Crisis: Central Bank Calls for Construction of 52,000 Homes Annually

2 months ago

The Central Bank of Ireland has released a concerning report highlighting the need to build 52,000 new homes each year to address the acute housing shortage. This figure reflects the extensive problems in the country's real estate market, which is struggling with a lack of affordable and quality living spaces. According to official data, housing prices have risen by 40% in recent years, significantly outpacing the income levels of many citizens. This has also led to an increase in homelessness and a rise in renters facing escalating rents.

Portugal Unveils Plans to Build 59,000 New Homes to Tackle Housing Crisis

3 months ago

The Portuguese government is determined to address the pressing issues of the housing crisis in the country by announcing the construction of 59,000 new homes. This initiative was unveiled as part of a broader plan focusing on affordable housing support and creating stable market conditions in real estate. Infrastructure and Housing Minister Carlos Martins emphasized the importance of this decision, noting that the current situation in the housing market calls for urgent measures. The proposed initiative aims to assist numerous citizens struggling to find affordable housing.

The Escalating Housing Crisis in Australia and Its Consequences

3 months ago

Australia is facing a severe housing crisis that continues to worsen due to rising rental prices and a shortage of affordable housing. This phenomenon is occurring against a backdrop of increasing economic hardships faced by local residents. In particular, more individuals are becoming victims of circumstances that undermine their economic stability, such as rising mortgage rates and declining incomes.

Croatia Takes Steps to Regulate Tourist Rentals to Tackle Housing Crunch

3 months ago

Croatia, a popular tourist destination, has announced its decision to limit the number of properties rented out to tourists as part of its strategy to address the shortage of affordable housing. The authorities are concerned that the high proportion of tourist rentals is diverting resources needed for local residents, negatively impacting their needs. This decision responds to a long-standing issue where housing is becoming increasingly unaffordable for the local population due to the growing interest from international tourists.