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mortgage loans in Europe also have low interest rates and become more attractive to buy for consumers as lending has become cheaper.
This is the distribution of tenure in houses in the private and social sector in the United Kingdom as of 2018, by dwelling type. As of 2018, approximately 31 percent of all semi detached houses in the UK were owner occupied. Private renters made up almost 18 percent of semi detached houses. Increasing purchasing power and decreasing unemployment provides European consumers with more confidence to enter the housing market, either to buy or to rent a house. Also, the monetary policy of the European Central Bank (ECB) allows for favorable lending conditions. Due to the ECB's artificially low interest rates, Share of tenure in houses in the private and social sector in the United Kingdom as of 2018, by dwelling type
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GOV.UK. (January 21, 2020). Share of tenure in houses in the private and social sector in the United Kingdom as of 2018, by dwelling type [Graph]. In Statista. Retrieved May 13, 2024, from https://www.statista.com/statistics/804489/houses-tenure-share-in-the-united-kingdom-by-dwelling-type/
GOV.UK. "Share of tenure in houses in the private and social sector in the United Kingdom as of 2018, by dwelling type." Chart. January 21, 2020. Statista. Accessed May 13, 2024. https://www.statista.com/statistics/804489/houses-tenure-share-in-the-united-kingdom-by-dwelling-type/
GOV.UK. (2020). Share of tenure in houses in the private and social sector in the United Kingdom as of 2018, by dwelling type. Statista. Statista Inc.. Accessed: May 13, 2024. https://www.statista.com/statistics/804489/houses-tenure-share-in-the-united-kingdom-by-dwelling-type/
GOV.UK. "Share of Tenure in Houses in The Private and Social Sector in The United Kingdom as of 2018, by Dwelling Type." Statista, Statista Inc., 21 Jan 2020, https://www.statista.com/statistics/804489/houses-tenure-share-in-the-united-kingdom-by-dwelling-type/
GOV.UK, Share of tenure in houses in the private and social sector in the United Kingdom as of 2018, by dwelling type Statista, https://www.statista.com/statistics/804489/houses-tenure-share-in-the-united-kingdom-by-dwelling-type/ (last visited May 13, 2024)
Share of tenure in houses in the private and social sector in the United Kingdom as of 2018, by dwelling type [Graph], GOV.UK, January 21, 2020. [Online]. Available: https://www.statista.com/statistics/804489/houses-tenure-share-in-the-united-kingdom-by-dwelling-type/