Nearly 19 years of income to buy a home? Europe's least affordable housing markets
AI Summary
In much of Europe, skyrocketing home prices have outpaced income growth, making it nearly impossible for many to afford a home. Lisbon now ranks among the least affordable housing markets on the continent, with prospective buyers needing almost 19 years of income to purchase a property. This trend highlights a broader issue of economic inequality and the challenges young people face in securing housing, potentially leading to long-term societal and economic impacts.
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