Europe

The European Parliament adopted its first-ever report on the Housing Crisis in the European Union. With 367 votes in favour and 166 against, the report calls for a joint EU action to tackle the housing crisis and lift citizens out of precarious living conditions. Recommendations include reducing red tape, scaling up the bloc’s construction and innovation sectors, and mobilizing greater investment and fiscal support. With the 2008 global financial crisis, housing became a pan-European social emergency, worsening significantly after the 2020 pandemic. House prices rose by 60.5 percent from 2015, while rents increased by 28 percent. In 2025, the ownership…

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