KEYWORDS TODAY:   SIGMABUDGETCARETAKER GOVERNMENTBSPKTB

HOT: » Center-right GERB party's decision to boycott Parliament puts key updates of 2014's state budget into question

EU Empty Properties Exceed 11M

Business » PROPERTIES | February 25, 2014, Tuesday // 15:33| Views: 1729 | Comments: 1
  • Send to Kindle
Bulgaria: EU Empty Properties Exceed 11M

Some 11 million homes lie empty across Europe, according to figures collated by the Guardian from across the EU.

In Spain more than 3.4 million homes are vacant, the numbers are 2 million for both France and Italy, 1.8 million in Germany and more than 700,000 in the UK.

There are also large numbers of vacant homes in Ireland, Greece, Portugal among others, according to information collated by the Guardian.

Many of the homes were built in holiday resorts during the housing boom prior to the 2007-2008 financial crisis.

Most of Europe's empty homes are in Spain. The latest Spanish census indicated that more than 3.4 million homes, that is 14% of all properties, were vacant. The number of empty homes has increased by more than 10 percent in the past 10 years, the Guardian informs.

In Portugal there are 735,000 vacant properties – a 35% increase since 2001. An estimated 300,000 homes are empty in Greece and 400,000 in Ireland.

Last month members of European Parliament passed a resolution demanding the European Commission develop an EU homelessness strategy without any further delay.

Properties » Be a reporter: Write and send your article
Tags: empty homes, vacant, properties, housing boom, holiday resorts, homelessness strategy
Expats.bg All Are Welcome! Join Now!

Leave a comment


» To the forumComments (1)
#1
madoods - 26 Feb 2014 // 10:54:26

Well there are plenty of homeless nationals within those countries, but they are pushed ever further down housing queues to make way for people coming from other EU countries or from outside the EU altogether. And there are more and more people out of work in Western Europe as companies fire local staff and hire cheap workers from other countries, so local people cannot afford to buy houses. I expect this report is intended to force EU countries to accept even more people from countries who despise Western culture and change the face of Europe even faster or be grateful for billionaires who may have made their money in questionable ways

Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria