housing
Housing affordability around the world
As the cost of housing rises globally, The World takes a look at how different cities around the world are trying to cope. We bring you stories from South Korea, South Africa, Austria and Venezuela, as well as a discussion for a wider perspective with housing research director Penny Gurstein.
Japan’s oldest village tries to attract new, younger residents
Nearly one-third of Japan’s population is over 65, making it the oldest country in the world. Small rural towns nationwide are seeing these demographic changes most acutely as younger residents leave for larger cities. Nowhere is this more evident than in the village of Nanmoku, where officials are using the allure of cheap property to bring a newer, younger generation of residents to town.
How Spain’s rent control is failing locals
A one-year-old law in Spain meant to control soaring home rental prices has had the opposite effect: Prices have continued to climb. It’s part of a trend going back a couple of decades now. But this year alone, in some cities, rents have jumped by more than 20%. Experts – and renters – say finding an affordable place to live is now next to impossible. The World’s Gerry Hadden reports from Barcelona on why Spain’s rent control law has backfired.
As Dutch residents struggle to find housing, some are trying new initiatives
The Netherlands is experiencing one of the worst housing crises in all of Europe. The new coalition government led by the far-right Freedom party has promised “large scale” housing construction over the next few years but many say it will not be enough to resolve the issue. One group of young Dutch citizens has come up with their own solution.
