Heated market in housing hotspots is compounded by increasing mortgage costs deterring buyers
email rounding up the latestMarianne B and her partner had owned their Paris flat for seven years when they decided to buy a bigger one after their second child was born. They discovered the perfect apartment for a price that fell within their budget.instead. Their reason: the cost of credit.
You are seeing a snapshot of an interactive graphic. This is most likely due to being offline or JavaScript being disabled in your browser. “I can’t justify paying over £1,000 [a month] for a room, especially if it’s not [going] towards a mortgage,” she said. “You’re just paying to exist and not even paying to fully be able to enjoy what the city has to offer because you’re just trying to keep a roof over your head.”
Rising rates have added to the costs facing those climbing on to the housing ladder, making that transition yet more difficult.
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