housing
A government-appointed task force has proposed introducing minimum living standards for Hong Kong’s notorious subdivided flats as part of government efforts to phase out “low-quality” units in a city with some of the world’s least affordable housing. Chief Executive John Lee, who introduced the plan in his last Policy Address, received the taskforce’s report on Thursday. He said he had proposed additional items based on recent consultation findings, and asked for a further report to be submitted in a month. “I hope to build a system to eradicate substandard subdivided flats in Hong Kong and im...
Hong Kong Free Press
Like many Berliners, Jim Berghäuser is on the lookout for a new apartment. Living on the outskirts of the city means he's traveling an hour and a half to get to his university. “For me, it's more that this living arrangement I have now is so far away from everything, and this makes people kind of lonely because if [you] always needs a lot of time to get somewhere, you don't go somewhere that often. And I lose so much time every day to get to my university," says Berghäuser, a law student and a member of the Alliance Against Displacement and Rent Madness. Berlin's Tenant Association says one of...
Euronews (English)
Hong Kong’s second largest public housing provider has announced a 10 per cent rent rise as it faces a rising repair bill for ageing estates. The Hong Kong Housing Society (HKHS), an independent and non-profit organisation which operates 20 rental estates citywide, announced on Wednesday it had approved the increase. “Well-off tenants” – those whose income and assets exceeded certain thresholds – will start paying the new rents in October, while the others will be exempt until January. The new measures will see tenants in Group A estates, which cater to low-income families, pay an extra HK$230...
Hong Kong Free Press
The massive demand for housing in Ireland is resulting in a huge increase in property prices which is now beyond the reach of most young people. Some observers say the government is failing badly to address the needs of people who are trying to get on the property ladder. “We have failed to stem that flow and failed to build appropriate social homes to allow them the dignity of being able to be housed," David Hall, CEO of iCare Housing, tells Euronews. “So, we have a massive crisis here at the moment that is increasing year upon year and a massive supply and demand that doesn’t mix, doesn’t co...
Euronews (English)
Owners of sub-divided flats will be required to bear the costs of inspections to ensure units comply with new regulations meant to phase out “low quality” dwellings. Landlords will be required to hire professionals to conduct checks to ensure that the units are up to par, Ming Pao reported on Sunday. It was reported that the owners will be required to inspect the unit’s size, height, fire resistance, hygiene, and ventilation, among other criteria, and submit written documents to prove that the sub-divided units can be legally registered. Owners will be given a maximum of 12 months to complete ...
Hong Kong Free Press
The rising cost of living is the most pressing concern for more than 90% of Europeans. Official data sheds light on the reasons behind this growing anxiety. Household consumption expenditure shows the allocation of spendings made by resident households to meet their everyday needs, such as food, housing (rent), clothing, energy, health and transport. Housing, water, electricity, gas, and other fuels accounted for the largest share of household consumption in the EU in 2022, representing 24.1%. This was followed by food and non-alcoholic beverages at 13.6%, and transport costs at 12.5%. While t...
Euronews (English)
Finding accommodation in Germany's main conurbations is becoming increasingly difficult as a result of soaring rentals for new tenants, according to a study published on Sunday. The mismatch between supply and demand had resulted in a dysfunctional market as a result of the widening difference between rentals for established tenants and new tenancies, the JLL estate agency found. Tenants were staying put to avoid paying higher rentals for a new apartment, leading to a fall in supply in an already tight market, the study found. This in turn was leading to further rent increases for new tenancie...
DPA International
Finding accommodation in Germany's main conurbations is becoming increasingly difficult as a result of soaring rentals for new tenants, according to a study published on Sunday. The mismatch between supply and demand had resulted in a dysfunctional market as a result of the widening difference between rentals for established tenants and new tenancies, the JLL estate agency found. Tenants were staying put to avoid paying higher rentals for a new apartment, leading to a fall in supply in an already tight market, the study found. This in turn was leading to further rent increases for new tenancie...
DPA
Finding accommodation in Germany's main conurbations is becoming increasingly difficult as a result of soaring rentals for new tenants, according to a study published on Sunday. The mismatch between supply and demand had resulted in a dysfunctional market as a result of the widening difference between rentals for established tenants and new tenancies, the JLL estate agency found. Tenants were staying put to avoid paying higher rentals for a new apartment, leading to a fall in supply in an already tight market, the study found. This in turn was leading to further rent increases for new tenancie...
DPA Breaking News
Between 2010 and the end of 2023, average rents in the EU increased by almost 23% and house prices by nearly 48%, leading to protests in cities from Dublin to Amsterdam or Lisbon about the loss of purchasing power. The lack of affordable housing and the rising cost of living have even featured prominently in national and European election campaigns - so while seeking MEPs' approval, von der Leyen did her best to address these concerns in her speech to the European Parliament. "People are struggling to find affordable homes," the president of the EU executive told the mid-July plenary in Strasb...
Euronews (English)
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