Home ownership has become much more challenging globally in the last few years. Rising interest rates, persistent inflation and the ongoing cost of living crisis seen in many parts of Europe have made this dream considerably harder to attain for several young people.
Soaring property prices and stagnant living wages have added another layer of complexity to this problem too.
According to the European Youth Portal, more than 10% of young Europeans aged 20 to 29 spend more than 40% of their disposable income only on housing costs. This is far above the standard 30% affordability benchmark.
However, women, especially younger, single women, could be at an even greater disadvantage when contemplating buying a home in Europe and the UK, leading to the rise of the gender housing gap.
Why is it more difficult for women to become homeowners than men?
