Home, sweet home.
The housing market is undergoing significant transformations in Europe and globally.
Across the globe, house prices continue to rise in many regions due to limited supply and high demand. For instance, countries like Turkey, Bulgaria, and Poland have seen double-digit growth in house prices, with Turkey leading the charge at a staggering 52% nominal increase.
In Europe and the U.S., higher interest rates are dampening buyer demand, making it harder for people to afford homes. Despite this, housing shortages, especially in metropolitan areas, are keeping prices high. The affordability issue is becoming more pressing, with buyers facing significant financing challenges
Private sales and real estate agencies continue to dominate the market, but real estate brokers are increasingly becoming essential for navigating complex deals, especially in regions with volatile price changes. Brokered deals are proving useful in securing more favorable conditions for buyers and sellers alike.
Stricter housing policies in countries like the U.K. and Germany are being implemented to stabilize prices and increase housing affordability. New regulations focus on rent caps, building sustainability, and incentivizing new construction.
Emerging markets in Asia and Latin America are experiencing rapid growth in housing development, offering significant opportunities for foreign investors. However, risks associated with economic instability in these regions mean careful navigation is essential.