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In Cannes, the world real estate show tackles housing difficulties in Europe

by AI | 07.Mar 2025 | Europe in brief AI

The world real estate exhibition opening on Monday in Cannes will start with a day dedicated to housing problems in several European cities.

People pass in front of the MIPIM, the international real estate event for professionals, at the Palais des Festivals in Cannes, in southeastern France, on March 14, 2023. (Photo: Valery HACHE / AFP)

Paris – Real estate professionals from around the world are gathering from Monday to Friday in Cannes, in the southeast of France, for the Mipim fair, largely dedicated this year to housing difficulties in certain European cities. 

Between 2015 and 2023, housing prices have increased by an average of 48% within the European Union. They have even doubled, or more, in five countries, including Portugal. 

The EU explains this by “the rise in construction costs and interest rates, the decline in construction, which has limited supply, and the increase in real estate acquisitions aimed at investing and generating additional income”.

“We will return to the subject of housing, it’s really been two years that we’ve been addressing this issue with increasing interest,” said Nicolas Kozubek, director of the International Market for Real Estate Professionals, to AFP. 

Economic and public actors, including the mayors of London and Hannover in Germany, will discuss the challenges of making housing more affordable and adapting supply to demographic needs. (March 7, 2025)