Housing
Residents in the Canary Islands are planning protests and strikes in a backlash against overtourism. Campaigners say the unsustainable influx of visitors is ruining life in the holiday hotspot. One activist group on the island of Tenerife has planned a hunger strike over the construction of two new hotels. Others report locals sleeping in cars and caves due to soaring house prices. Graffiti has appeared on buildings and a rental car telling tourists to 'go home'. In 2023, the archipelago attracted 14.1 million foreign visitors, a record for the island group. Canary Island residents plan hunger...
Euronews (English)
Housing will be one of the main axes of Prime Minister Pedro Sanchez's campaign ahead of the European elections, as housing and rental prices have risen by up to 70% in the last decade. In response to the soaring costs, architect Iñaki Alonso and 17 other families took the initiative in 2018 to build the first cooperative in Madrid. A building with common spaces for neighbours, its residents enjoy two-bedroom apartments for about €650 euros per month. Watch the full report in the player above to find out more.
Euronews (English)
In 2022, the flower-bedecked, lakeside town of Gérardmer in the Vosges mountains was rattled by a spate of vandalism attacks. An environmental saboteur targeted outdoor jacuzzis at holiday rentals and second homes amid rising tensions between tourists and local residents during a water shortage emergency. Since then, there has been growing discontent in holiday destinations in France as locals contend with the soaring number of second homes. Across Europe, other tourist hotspots are also feeling the strain; in Cornwall, Wales, Barcelona and Lisbon, residents are being priced out. Over 90% of p...
Euronews (English)
To combat the housing shortage in Spain, the left-wing central government has decided to end the Golden Visa programme for property investors from non-EU countries. The aim is to curb speculation, Prime Minister Pedro Sánchez explained in Seville on Monday. "We will take the necessary measures to ensure that housing is a right and not a speculative business." The Socialist politician said that the Council of Ministers would finalize the necessary amendment to the law on Tuesday in Madrid, but he did not give a possible date for the entry into force. The Golden Visa programme has allowed citize...
DPA International
To combat the housing shortage in Spain, the left-wing central government has decided to end the Golden Visa programme for property investors from non-EU countries. The aim is to curb speculation, Prime Minister Pedro Sánchez explained in Seville on Monday. "We will take the necessary measures to ensure that housing is a right and not a speculative business." The Socialist politician said that the Council of Ministers would finalize the necessary amendment to the law on Tuesday in Madrid, but he did not give a possible date for the entry into force. The Golden Visa programme has allowed citize...
DPA
To combat the housing shortage in Spain, the left-wing central government has decided to end the Golden Visa programme for property investors from non-EU countries. The aim is to curb speculation, Prime Minister Pedro Sánchez explained in Seville on Monday. "We will take the necessary measures to ensure that housing is a right and not a speculative business." The Socialist politician said that the Council of Ministers would finalize the necessary amendment to the law on Tuesday in Madrid, but he did not give a possible date for the entry into force. The Golden Visa programme has allowed citize...
DPA Breaking News
The owner of Hong Kong’s only privately-owned low-rental housing estate has applied to the court to order two residents to hand over their flats and rent allowances ahead of the estate’s planned redevelopment. The Hong Kong Settlers Housing Corporation, which owns Tai Hang Sai Estate, earlier filed a writ to the city’s District Court to order two residents to move out of their flats and hand over some HK$280,000 in allowances, according to local media. See also: As redevelopment looms, residents look back on life in Hong Kong’s only private low-rent housing estate Residents were given rent and...
Hong Kong Free Press
UK house prices fell by 0.2% between February and March, according to a survey released on Tuesday by Nationwide Building Society. The drop comes after a 0.7% rise recorded in both February and January, although this month's reading shows a 1.6% annual jump. The average cost of a home is now £261,142 (€305,648), still 4.6% below the peak recorded in late 2022. During the final months of last year, after the Bank of England decided to hold the base interest rate at 5.25% in September, house prices began to climb in the UK. This promoted banks to cut mortgage rates in January, amid hopes of an e...
Euronews (English)
The data combined the cost of actual rents paid with an estimate of the cost of housing owners would pay if they rented their home on the open market - known as “imputed rent”. Housing in Poland, by contrast, has the lowest share of spending of any OECD country, with only 6%. The largest expenditure item across all countries but one was imputed rentals for housing. Poland is the exception, where electricity, gas and other fuels was measured as the largest expenditure. Poland’s heavy dependency on fossil fuels led to some of the highest wholesale electricity prices in Europe following Russia’s ...
Euronews (English)
Houses and flats in Germany last year posted their largest price slump since at least the start of the millennium shedding an average of 8.4% in value compared with 2022. "This was the sharpest year-on-year decline since the time series began in 2000 and the first decline since 2007," the Federal Statistical Office in Wiesbaden said on Friday. Prior to this, residential property prices had climbed steadily between 2008 and 2022. Banks expect the latest decline to end this year as interest rates fall again. In urban districts, the fall in prices for detached and semi-detached houses was as high...
DPA Breaking News
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