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
As Donald Trump officially declared his victory in the US election, he received congratulations from…
European leaders committed to developing a defence industry base and enhancing EU competitiveness at an…
The EU and the Republic of Korea formalised a comprehensive Security and Defence Partnership in…
Poland is the dominant country in the Central and Eastern Europe (CEE) business landscape, with…
Hungarian Prime Minister Viktor Orban, no stranger to political brinkmanship, went all in on Donald…
Moldovan President Maia Sandu defeated her pro-Russian rival Alexandr Stoianoglo by around 55% to 45% in the presidential second-round…