Years after the financial crisis, housing prices in Europe are reaching new heights. Increasing consumer confidence and purchasing power provides more Europeans an incentive to enter the housing market, either to buy or to rent a house. Additionally, loaning money to buy a house has become cheaper due to the low interest rates of the European Central Bank. The downside of this increasing demand for housing is that the supply side struggles to keep up. In several countries, the construction of real estate has not shown the same increase.