Tag #Housing Affordability

mk.ru
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Regional Disparities in Russian Housing Affordability Highlight Uneven Economic Development

Key Capital's analysis reveals stark regional differences in Russian new-home affordability: Chechnya tops the list (13 sq m/person annually), while Tyva has the lowest (2.9 sq m), reflecting varying economic development rates and investment levels.

Progress

32% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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High-Income Homeowners Face Financial Strain Amidst Rising Interest Rates

High-income Australian homeowners, some earning \$400,000 to \$500,000, are struggling with soaring mortgage repayments after the Reserve Bank's 13 interest rate increases, forcing some to move back in with family, downsize or relocate due to increased childcare costs and the overall cost of living.

Progress

60% Bias Score

Reduced Inequality
taz.de
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German Housing Crisis: 5.4 Million More at Risk of Poverty

A German report, "Wohnen macht arm," reveals that including housing costs in poverty calculations increases the number of at-risk individuals by 5.4 million, disproportionately affecting young adults, retirees, and single parents.

Progress

60% Bias Score

No Poverty
smh.com.au
🌐 75% Global Worthiness
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Australia's Housing Affordability Crisis: A Global Comparison

Despite Australia's high homeownership rate (67%), its housing affordability is lower than in Germany (46.7% ownership) and Switzerland (35.9%), where renting is common and accepted, suggesting a need for policy shifts beyond a homeownership-centric approach.

Progress

36% Bias Score

Reduced Inequality
elpais.com
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Short-Term Rentals Fuel Insecurity and Financial Stress for Spanish Renters

A study by the Barcelona Urban Research Institute found that 90% of Madrid and Barcelona renters have short-term contracts, leading to high turnover, rising rental costs exceeding inflation, and frequent moves impacting families; researchers recommend indefinite contracts and price regulation.

Progress

56% Bias Score

elpais.com
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Barcelona's Successful Fight Against Airbnb's Impact on Housing"

Barcelona's city government, between 2015 and 2023, imposed strict regulations on short-term rentals, resulting in the closure of over 6,000 illegal tourist apartments, a €600,000 fine for Airbnb, and the return of at least 2,000 units to the residential market.

Progress

48% Bias Score

No Poverty
theglobeandmail.com
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Slower Rent Increases in Canada Amidst New Housing Supply

Canada's average two-bedroom apartment rent increased by 5.4 percent in 2024, down from 8 percent in 2023, due to a significant increase in new rental units; however, lower-income renters continue to struggle with arrears, with Toronto at 15.4 percent.

Progress

36% Bias Score

Reduced Inequality
theguardian.com
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UK Housing Crisis: Only Richest 10% Can Afford Average English Home

Official figures reveal that in England, only the wealthiest 10% of households can afford the average house price of £298,000, requiring 8.6 years of average income, compared to a ratio almost half that size in 1999, exposing a severe housing affordability crisis across the UK.

Progress

56% Bias Score

Reduced Inequality
dailymail.co.uk
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UK Stamp Duty Hike to Hit First-Time Buyers Hard

The UK government's reinstatement of higher stamp duty thresholds from April 1st, 2024, will significantly increase costs for first-time buyers, particularly in expensive areas like London, where the average stamp duty bill could increase by over £11,000, reversing Labour's pre-election promises and...

Progress

52% Bias Score

Reduced Inequality
sueddeutsche.de
🌐 75% Global Worthiness
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German Housing Affordability Improves Slightly, but Challenges Persist

An ING survey reveals that despite rising wages, 22% of Germans find it difficult to pay housing costs, with renters (26%) more affected than homeowners (12%), reflecting Germany's low homeownership rate (48%) and concerns about future housing affordability.

Progress

32% Bias Score