EU Poised to Roll Out Plan to Combat Housing Emergency
The broadcaster obtained draft documents revealing that Brussels intends to relax EU fiscal constraints, enabling governments to allocate more funds toward affordable housing initiatives. The framework would simultaneously tackle disruptions caused by short-term rental platforms in residential markets.
Union officials have identified a critical shortage requiring 650,000 new housing units annually to bridge the deficit, which stems from escalating construction expenses and supply chain bottlenecks, the broadcaster reported. The proposed package seeks to streamline bureaucratic processes in the building industry while reducing costs and improving accessibility of construction materials.
A European Council analysis released in early December highlighted the severity of the crisis: one in ten Europeans struggles to meet rent or mortgage obligations punctually. Housing costs across the bloc have surged by an average of 60% since 2015, the report found.
The European Commission's forthcoming measures represent a significant policy shift as the continent grapples with widespread housing affordability challenges and insufficient supply to meet demand.
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