Housing Crisis in Europe: Brussels Wants to Act Now – German Government Gets Help

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kreiszeitung.de

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The housing market is tense in many European cities. "A large part of the company is affected by the EU Commission. That's why Brussels wants to act.

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When Spain’s real estate bubble burst in 2008, construction of apartments and houses around Madrid ground to a halt. Projects under construction turned into ghost towns. The Spanish economy has since recovered and is now struggling with a housing crisis. The solution is to complete abandoned projects. Reuters reports. As anger grows in Spain over housing costs, Prime Minister Pedro Sánchez has made providing affordable housing one of his top pri…