Housing in the United States

Housing in Bulgaria remains more affordable compared to its Western European counterparts, a fact that contributes to the high rate of homeownership in the country. According to real estate brokers, about 92.5% of Bulgarians live in their own homes.

Türkiye has recorded the highest annual increase in rent among European Union members and EU candidate countries, according to data from Eurostat.

Between May 2023 and May 2024, rents in Türkiye surged by 125.1 percent. Hungary came second with an annual increase of 12.8 percent in rent prices.

Housing supply will be boosted in order to tame increases in rent prices and support the fight against inflation, Treasury and Finance Minister Mehmet Şimşek has said.

Black and Hispanic households in New York state, home to America's financial capital, own their homes at half the rate of white households, a government report said Tuesday.

The problem of many people in finding affordable housing has become a pressing issue in almost all the major cities of the West. The government has taken and continues to take measures to support young would-be property owners or tenants.

The number of people looking for a rental house surpassed those who look for a house to buy, according to recently published data.

Figures provided by the real estate platform Emlakjet showed that in May 52 percent of those out in the real estate market are looking for a house to rent. In April, this was 50 percent.