mortgage loans in Europe have low interest rates and become more attractive to buy for consumers as lending has become cheaper.
In 2021, approximately 65 percent of all housing in the UK was owned and occupied. Renters made up about 35 percent of all tenure, with 19 percent being private renters. Increasing purchasing power and decreasing unemployment provides European consumers with more confidence to enter the housing market, either to buy or to rent a house. Also, the monetary policy of the European Central Bank (ECB) allows for favorable lending conditions. Due to the ECB's artificially low interest rates, Distribution of property tenure in the United Kingdom (UK) from 1980 to 2021
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GOV.UK. (December 9, 2021). Distribution of property tenure in the United Kingdom (UK) from 1980 to 2021 [Graph]. In Statista. Retrieved June 26, 2022, from https://www.statista.com/statistics/804446/property-tenure-distribution-in-the-united-kingdom/
GOV.UK. "Distribution of property tenure in the United Kingdom (UK) from 1980 to 2021." Chart. December 9, 2021. Statista. Accessed June 26, 2022. https://www.statista.com/statistics/804446/property-tenure-distribution-in-the-united-kingdom/
GOV.UK. (2021). Distribution of property tenure in the United Kingdom (UK) from 1980 to 2021. Statista. Statista Inc.. Accessed: June 26, 2022. https://www.statista.com/statistics/804446/property-tenure-distribution-in-the-united-kingdom/
GOV.UK. "Distribution of Property Tenure in The United Kingdom (Uk) from 1980 to 2021." Statista, Statista Inc., 9 Dec 2021, https://www.statista.com/statistics/804446/property-tenure-distribution-in-the-united-kingdom/
GOV.UK, Distribution of property tenure in the United Kingdom (UK) from 1980 to 2021 Statista, https://www.statista.com/statistics/804446/property-tenure-distribution-in-the-united-kingdom/ (last visited June 26, 2022)