PIABO PR on behalf of RE/MAX Europe
RE/MAX Europe
2023
The European Housing Trend Report 2023, published by RE/MAX Europe, offers an in-depth analysis of the shifting housing market across 22 European countries, including Turkey and Israel. Authored by PIABO PR, the report is based on a comprehensive survey conducted in July 2023 with over 22,000 participants aged 18 to 65, providing a robust demographic insight into current housing trends. 🏡 High Mobility Intentions A striking finding from the report indicates that nearly 40% of Europeans surveyed plan to move within the next two years. This trend is largely motivated by personal aspirations for improved living conditions rather than financial pressures, despite the backdrop of rising inflation and housing costs. 🏠 Homeownership Aspirations The desire for homeownership remains strong, with 67.3% of respondents already owning property and many others aspiring to purchase homes. This aspiration is prevalent across all age groups, though affordability continues to pose a significant barrier, particularly for younger generations. 💰 Affordability Challenges Rising property prices and inflation are significant concerns, with almost a third of respondents expressing worries about finding affordable housing if they need to move soon. Despite these affordability challenges, many individuals are hesitant to compromise on their desired locations. 🤝 Emergence of Collaborative Living Innovative living arrangements like co-living and co-ownership are increasingly viewed as viable solutions to address housing affordability issues. Over half of the surveyed participants find co-living appealing, highlighting its community benefits and cost-sharing advantages. 🌱 Sustainable Living Trends The report also emphasizes a growing commitment to sustainable living practices. Many respondents are adopting eco-friendly upgrades such as LED lighting and solar panels. Additionally, the concept of "15-minute cities," which aims to minimize commuting by providing essential services within close proximity, is gaining traction. 🌍 Diverse Motivations for Moving Personal motivations dominate the reasons for moving, including desires for larger properties or more convenient locations. While financial considerations are less prominent, they remain significant in certain regions. 📈 Country-Specific Insights The report provides granular insights into housing trends across different countries, revealing variations in homeownership rates, preferences for urban versus rural living, and openness to new housing models like co-living and co-ownership. This comprehensive analysis underscores the dynamic nature of Europe’s housing market amid economic challenges and evolving lifestyle preferences, offering essential insights for stakeholders in the real estate sector.
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.