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nine major European cities will be missing around 1.2 million flats by 2030 – gap between supply and demand the greatest in London

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BERLIN/VIENNA, 10. September 2020 According to a study, Europe’s top metropolises will be lacking around 1.2 million flats by 2030. In absolute terms, the largest gap is in London, with around 355,000 flats – the city will need another eleven per cent more flats by 2030. On average, this means around 35,000 new homes per year. Warsaw (around 142,000 flats) and Paris (around 129,000 flats) follow in second and third place.

In a study commissioned by real estate developer Wiener Komfortwohnungen, the research institute has investigated how many buildings need to be built in order to meet the demand for space over the next ten years in nine top European cities including Berlin, Amsterdam, Budapest, Copenhagen and Zurich. The calculations also included such factors as projected demographic trends, the expected loss of housing and fluctuation-related vacancy rates.

Wiener Komfortwohnungen GmbH

The rationale behind the study was to…

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