The housing crisis in the European Union stems from the tension between rapidly growing demand and supply that is slow to adapt. Migration is a major contributor to the crisis: labor mobility, student migration, irregular immigration, and the Ukrainian refugee crisis all contribute to structural shortages in different cities and housing market segments. The situation is most acute where labor market mobility, tourism, international education, refugee resettlement, and investor demand all burden the same limited market.
The full text of the analysis in Hunagrian is available here
