Nearly half (45%) of people in Europe feel their countries are on the wrong track when it comes to housing, the ING International Survey Homes and Mortgages 2017 discovers.
Why might people feel this way?
Shelter and comfort are equally important whether you’re in Europe, the USA, Australia or beyond – but some people, in many countries, may pay a higher price than they can afford, whether they wish to or not.
Sixty-one percent in Europe say houses are expensive where they live; 59% say prices will likely increase further in the next 12 months.
Our full report offers some clues
About one in five of those who pay mortgage or rent may be struggling to meet their housing requirements and make regular payments as local house prices continue to rise. For nearly a quarter, higher running costs than expected are a problem. Yet responses in individual countries vary - learn more in the full report.
Lost in Spain?2
In Spain, nearly three in five (58%) say housing is on the wrong route – the highest proportion of any of 15 countries surveyed.
Turks call time3
The second highest share (52%) of people who say their country is on the wrong track when it comes to homes is in Turkey.
Mountain doubts 4
Austria is the closest to the European average – with 46% saying they’re on the wrong track with housing. Just 27% say Austria is on the right road.
A low country5
Only 27% of people in the Netherlands say their country is on the wrong track on homes – the lowest share in the survey.
Dutch on top6
Forty-four percent of Dutch people say they're on the right track with housing, closely followed by Poland (43%) and Turkey (37%).
Australia is near the European average, with 50% saying they’re on the wrong track for housing; 25% say they’re on the right path.
A nation divided?
In the USA, roughly equal shares suggest their country is on the “wrong track” (36%) and “right track” (34%) around housing.
This article is related to the ING International Survey:
Homes and Mortgages 2017 - Housing Costs and Prices
September 11, 2017
In this year’s ING International Survey Homes and Mortgages 2017, 45% of people in Europe indicate their country is on the wrong track when it comes to housing. We also asked many questions on affordability: some...