Photo: Denis Lovrovic (European UnionI) Rijeka panorama
As in the rest of Europe, the cost of both buying and renting property has gone up in Central & Eastern Europe (CEE). Emerging Europe observes that within the region, the highest increases both for rental and purchase are being seen in Croatia, Slovakia, Poland and Estonia.
One analyst notes that while overall rents had earlier gone down due to the pandemic, now buyers are still interested in the purchase of real estate for investment purposes. That’s bad news for households looking to buy or rent something to dwell in themselves, because wages in CEE are not keeping up with rising rents or housing prices. Lower and middle income households are feeling the brunt of the imbalance, having less access to receiving mortgages.
Observers see little incentive for policymakers to get involved and cool down such “hot” property markets.
Source: Emerging Europe
The EU’s employment rate reached a record high of 70.9% in the fourth quarter of…
Greece has announced plans to repay its first bailout loans a decade ahead of schedule,…
Despite their export-driven economies and strong manufacturing bases, Central and Eastern Europe (CEE) countries may…
Slovenia is at the centre of a strategic struggle between France and the US, as…
The EU’s internal market is still falling short of its founding promise. Despite decades of…
An outbreak of foot-and-mouth disease (FMD) has prompted mass animal culls and tightened border controls…