2023-10-05 ◦ Inflated rents, high interest rates and lack of supply create European housing crisis

However, there are some European success stories. In the Austrian capital Vienna, the city invests around €500 million in housing construction and 60% of the population live in municipal housing or housing subsidised by the state.

Finland offers another example of how long-term government policy can successfully reduce homelessness. The Finnish approach works on a “housing first” principle that recognises housing as a basic human right that, once provided, serves as the foundation for resolving other problems.