PIABO PR
RE/MAX Europe
2023
📅 Context and Publication The European Housing Trend Report 2023, published by RE/MAX Europe, provides a detailed analysis of the housing market across 22 European countries, including Turkey and Israel. Authored by PIABO PR, the report is based on a comprehensive survey conducted with over 22,000 participants aged 18 to 65 in July 2023. The findings reflect a diverse demographic, offering insights into the evolving needs and preferences of European residents amidst economic challenges. 🏠 High Mobility Intentions and Homeownership Aspirations A significant finding from the report is the high mobility intentions among Europeans, with nearly 40% of respondents expecting to move within the next two years. This trend is primarily driven by personal aspirations for improved living conditions rather than financial pressures. The report also highlights that 67.3% of Europeans currently own property, with many others aspiring to become homeowners. Despite the desire for homeownership being prevalent across age groups, affordability remains a significant barrier, particularly for younger generations. 💰 Affordability Challenges Affordability is a critical concern, as rising property prices and inflation affect nearly a third of the surveyed individuals, who express worries about finding affordable housing if they need to relocate soon. Despite these challenges, many are unwilling to compromise on their preferred locations, reflecting a strong desire for stability and convenience in living arrangements. 🤝 Emergence of Collaborative Living The report notes a growing trend toward collaborative living solutions, such as co-living and co-ownership, which are increasingly viewed as viable options to address affordability issues. Over half of the participants find co-living appealing due to its community benefits and cost-sharing advantages, indicating a shift in how Europeans are approaching housing. 🌱 Sustainable Living Trends Additionally, there is a notable emphasis on sustainable living among Europeans, with many embracing eco-friendly home upgrades like LED lighting and solar panels. The concept of "15-minute cities," designed to minimize commuting by making essential services more accessible, is also gaining traction. This reflects a broader commitment to sustainability in housing choices. 🌍 Country-Specific Insights The report provides valuable insights into country-specific housing trends, revealing variations in homeownership rates and preferences for urban versus rural living. It highlights the openness to new housing models, such as co-living and co-ownership, demonstrating the evolving landscape of the European housing market amidst changing lifestyle preferences and economic conditions.
RE/MAX Europe
The European Housing Trend Report 2023, published by RE/MAX Europe, provides an extensive analysis of the evolving housing market across 22 European countries, including Turkey and Israel. This report is based on a comprehensive survey conducted with over 22,000 participants between the ages of 18 and 65, reflecting a broad spectrum of demographic insights.
Key Findings
- High Mobility Intentions: Nearly 40% of Europeans surveyed anticipate moving within the next two years. This trend is driven more by personal aspirations for better living spaces and locations rather than financial pressures, despite rising inflation and housing costs.
- Homeownership Aspirations: A significant portion of Europeans (67.3%) already own property, with many more aspiring to purchase homes. The desire for homeownership transcends age groups, although affordability remains a barrier, especially for younger generations.
- Affordability Challenges: Rising property prices and inflation are major concerns, with nearly a third of respondents worried about finding affordable housing if forced to move soon. Despite these concerns, many are reluctant to compromise on location.
- Emergence of Collaborative Living: Co-living and co-ownership are gaining traction as viable solutions to housing affordability issues. Over half of those surveyed find co-living appealing, particularly for its community benefits and cost-sharing advantages.
- Sustainable Living Trends: There is a growing emphasis on sustainable living practices, with many embracing eco-friendly upgrades like LED lighting and solar panels. The concept of "15-minute cities," which aims to reduce commuting by bringing essential services closer to home, is also gaining interest.
- Diverse Motivations for Moving: Personal reasons dominate the motivations for moving, including the desire for larger properties or more convenient locations. Financial reasons are less prevalent but still significant in certain regions.
- Country-Specific Insights: The report provides detailed insights into housing trends across different countries, revealing variations in homeownership rates, preferences for urban vs. rural living, and openness to new housing models like co-living and co-ownership.
Context and Authors
The report was authored by PIABO PR on behalf of RE/MAX Europe, a leading real estate franchise network with over 30,000 professionals across 2,400 offices in 40 countries. The survey underpinning this report was conducted in July 2023 using online interviews (CAWI) across multiple European countries.
This comprehensive analysis highlights the dynamic nature of Europe's housing market amidst economic challenges and shifting lifestyle preferences, offering valuable insights for stakeholders in the real estate sector.