Housing middle income Europe: the intermediary investment opportunity amid diverse residential market structures

As the first paper in the series, this research explores how housing market structures shape both the scale and scope of the PRS opportunity and their variation due to socio-political structures. It highlights a clear opportunity – and need – for institutional capital to greatly contribute to Europe’s housing solution. 

• 11% of all households in cities and 38% of households earning 60% or less of median income in the EU are overburdened by housing costs. 
• Affordability will remain under pressure until supply accelerates faster than demand to erode the housing shortfall. 
• Current challenging market conditions and regulatory change are creating multiple headwinds for institutional investors seeking to deploy capital in the sector. 
• By creating models that harness institutional capital, short-term public intervention has the potential to enable the sector to be self-sustaining – and affordable – over the long term.