THE ECONOMIC EFFECTS OF THE HOUSING CRISIS IN EUROPEAN CITIES

This study examines the economic impact of the housing deficit in large cities in Europe, with special emphasis on London, Berlin, Paris, and Amsterdam. This work aims to identify the causes of the crisiss emergence concerning economic, social, and political factors and the subsequent effects on labor mobility, quality of life, and urbanization processes in the context of the respective country. It points to the hike of property costs, scarcity of cheap houses, and gentrification as realities that consolidate social injustice and restrains market adaptability in Southern Europe. Based on case studies, the work examines measures like rent regulation, privatization, and zoning changes used to address the crisis. Lastly, there is a discussion about the changes in policies regarding comprehensive planning, zoning ordinances, and policies on development to cater to the continuous housing problems in European cities. Future work should be directed to more comparison studies, follow-up studies, and technological developments to better understand or even solve the housing problem.