The central and eastern European real estate market is growing, but leaving many outside its influence.

Housing prices are rising in Central and Eastern European countries. What position do young people looking for their first home and those in need of social housing hold?

Statistics of housing prices

** According to Eurostat, the statistical office of the European Union, both housing prices and rental costs have increased across Europe in recent times despite the Covid-19 pandemic, and Central and Eastern Europe are no exception.

Sustainable development in Central and Eastern Europe

Are the countries of Central and Eastern Europe active enough to achieve their sustainable development goals? The use of funding and know-how to implement the necessary infrastructure in Central and Eastern Europe.

Increase in housing prices

Croatia, Slovakia, Poland, and Estonia have recorded the highest growth in the housing index in recent months (the housing price index adjusted for inflation), while the lowest growth has been observed in Hungary and Romania. As a result, it should be noted that houses and apartments - both for sale and for rent - are becoming more expensive across the region, which has been a consistent trend over the past five years.

The problem of buyers

The rise in prices exceeds salaries.

Accessibility issues

In comparison, purchasing real estate in Germany requires only six average salaries, while in Norway it takes 5.1. The privatization of public housing, the lack of social housing, and a poorly regulated rental market have led to low housing affordability in the region.

New approaches are needed.

To address housing accessibility issues, new approaches are needed. Measures such as creating social housing agencies and reducing government subsidies in the overheated real estate and construction market can be effective. However, according to experts, a shift in government policy is unlikely.