In tutta Europa, il settore finanziario ha aumentato i prezzi delle case. È una bomb della volta politico
https://www.theguardian.com/commentisfree/2025/jul/07/europe-financial-sector-house-prices-politics
di mistermystere
In tutta Europa, il settore finanziario ha aumentato i prezzi delle case. È una bomb della volta politico
https://www.theguardian.com/commentisfree/2025/jul/07/europe-financial-sector-house-prices-politics
di mistermystere
15 commenti
It’s actually a financial time bomb. As boomers are dying and they are selling their assets, prices will deflate, then collapse.
The only party that is benefiting from the house prices ‘boom’ is the financial industry. All those ‘good news’ stories about increased house prices, it really benefits no-one.
BlackRock is doing what it does best. I do remember the story from Netherlands where they bought out property and rented it to locals with higher price tag.
Austria did great with that Gemeinde Wohnung stuff, although to get one is not an easy task. And with climate change many more apartments will become unlivable in the summer. Centralized heating/cooling district pumps should do the trick but the pricetag for the renovation will be huge
The financials sectors doesn’t set the price of house prices. Vendors and buyers do.
Ah, the classic game of Monopoly where only the bank wins.
We have stopped building. This is the problem. What does Western Europe have in common with North America? Insane zoning laws. The NIMBYs have taken over and they have blocked building anything.
It’s not a time bomb, it has already exploded in the face of centrist political parties anywhere. Young people are increasingly gravitating to the extreme fringes of the political spectrum. Housing costs, cost of living more generally and all the other ways in which our generation are getting fucked has a lot to do with it…
The financial sector ruining everything it touches?
Unheard of…
Can’t speak for Europe, but I can speak for Germany and it’s simply bullshit. It’s not the financial industry, it’s the fact that 10 years ago you’d have 20 people calling you for a listing (rent or sale) and today it’s 200… in, like an hour. Around the turn of the century Germany decided that we had built all we needed to build and despite the last 15 years showing us that this is definitely not the case in major urban areas, our land use and construction policies are still stuck in the early 2000s. While demand is soaring, we make it extremely difficult both to build on new land and to densify existing areas. Our rules around infrastructure projects are also so ludicrous, that I kinda even sometimes understand the NIMBYs point of view. And don’t get me started on funding. 30 billion a year so people can retire early, but there’s no money for even basic bike lines, yet alone for meaningful subway extensions.
A building plan (Bebauungsplan) in the 60s or 70s had like 4 or 5 pages, today its rarely under 150-180.
Unpopular opinion but we should strive for a world without private rent and heavily controlled private property. You could only own your own home, no more. And the only ones allowed to collect rent should be the state, the municipality and renters co-ops. Homes should be nationalized otherwise. We already solved a housing crisis in a similar way. If we want actual solution, capitalism in this particular sector should end.
It’s almost like basic necessities like housing and water and food should not be subject to market forces alone or used as speculative assets and instead should be subject to government intervention to keep them affordable…
Two things are needed in europe: Relaxed zoning laws, and lower taxes for those who build affordable housing. While on the other side, limit AirBNB and Booking, and tax everybody’s 2nd real-estate with high tax, so it becomes increasingly expensive to hold an empty real-estate(like what most of the rich people do right now, who just hoard appartments in which they dont live in and are completely empty)
Most European countries, outside of capital cities are also decreasing in terms of population so in fact there are more houses owned as heritage from older people that passed away than probably any time in history.
The paradox of housing increasing now is astounding and mostly driven by migrations within countries to large urban centers creating scarcity, no doubt the problem being made worse by people and companies, even banks investing in real estate.
Low interest rates (and QE) were used to cover government spending during the bank bail out and the lockdown policies.
Low interest rates means cheap borrowing and capital files to assets. Which causes asset bubbles.
the Bank Of England wrote a paper of this years a go.
https://www.bankofengland.co.uk/-/media/boe/files/working-paper/2019/uk-house-prices-and-three-decades-of-decline-in-the-risk-free-real-interest-rate.pdf
And various articles have been written about it.
https://medium.com/@ian.mulheirn/the-bank-of-englands-shifting-stance-on-house-prices-has-big-implications-57350d79fca0
FFS, the Guardian pretending again that “finance” is to blame. That’s wrong. There is a housing shortage; shortages push up prices.