Poles are triumphant: they enjoy not only cheap food, but also the cheapest housing in Europe

The British Analytical Center found that Finnish residents spend 24% on housing. of their total costs – well above the EU average (15%) The data combined the costs of rent they actually pay with an estimate of the costs homeowners would pay if they were to rent on the open market – the notional rent.

Meanwhile, in Poland, housing costs make up the smallest share of costs among all OECD countries – 6 percent. expenses, reports the Euronews portal.

Where is the highest housing price?

House prices relative to the overall national price level are highest in the United Kingdom, followed by New Zealand, Australia and Ireland. Poland and Greece are well below the OECD average, with low house prices partly explaining the high demand for housing in these countries.

In Europe, house prices have risen the most in Turkey, with data showing that house prices in Turkey are 12 times higher than they were nine years ago in nominal terms. As a result, an apartment in Istanbul can compete with expensive ones in Paris and London.

Among OECD member countries, Northern European countries such as Sweden and Finland have seen the smallest changes since 2015. nominal housing prices increased by more than 4 percent.

Not far behind Turkey is Hungary, where prices are 166 percent higher. higher than in 2015

Fighting rising housing prices

Skyrocketing home ownership and rental prices, largely due to rising demand from foreign buyers and continued economic growth, are making it increasingly difficult for Greeks to get on the property ladder and move up at least a little.

A recent poll conducted by Euronews showed that the fight against rising prices is the most important issue for voters in the upcoming EU elections – 68%. respondents identified it as a priority.

It was also determined how the general well-being of a nation is related to the amount of housing services it consumes.

The highest consumption of housing services is in Poland, followed by Greece and the Czech Republic.

UK households consume far less housing services relative to overall national wealth than households in all other OECD countries except Colombia, perhaps the poorest member of the group.