Economics
Berliners Are Angry About Housing. And So Is Much of Europe
Soaring rents and out-of-reach prices have fueled property inequality
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During Europe’s deep Covid recession, millions of jobs were lost, incomes and livelihoods were destroyed and many feared for their financial future. Housing took a different path.
A boom in property prices widened the gulf between the haves and have nots, fed anger about housing inequality and accusations that property markets are broken, dysfunctional, unfair. While some have benefited from rising values, many are facing high rents, substandard buildings, or soaring prices that keep home ownership out of reach.