Homeownership for young people is becoming less attainable across the globe, in the face of record high home prices, cost of living crises and high debt. The economic shift is changing the very nature of society.
Tag: housing prices
Malaga has announced plans to ban the registration of new holiday accommodation in up to 43 neighborhoods of the city, joining a long list of Spanish municipalities fighting mass tourism and its impact on real estate and rent prices.
Canada has become the most recent country to impose restrictions on non-residents buying real estate, arguing that wealthy investors from other countries are pricing out would-be local homeowners. But is singling out foreigners the best way to face a troubled housing market?
In the bohemian Australian seaside town of Byron Bay, rents are now higher than Sydney or Melbourne. And as Airbnb takes its toll, this small town has almost as many homeless people as Sydney.