A group of more than 30 private housing and property bodies from across Europe have come together to find solutions on how to improve young generations’ participation in the housing market.
The International Union of Property Owners (UIPI), which represents more than five million property owners and some 20 million dwellings from around Europe, came together for its 43rd annual congress in order to focus on the challenges that young people face when accessing housing.
The congress, which took place in Oslo, Norway from 26-27 June 2015, looked at best-practice examples to address the issue in the current economic context from all perspectives.
It brought together more than 150 representatives from:
- National property owners’ organisations – including directors from NLA and UKALA
- European and national policy-makers
- Experts in the financial sector
- High-profile researchers – including keynote speaker and expert on economics of housing, Professor Duncan Maclennan, University of St. Andrews.
In the Oslo Declaration which was adopted at the congress, UIPI committed to continuing to discuss solutions on how to improve young generations’ participation in the housing market, by fostering home ownership and promoting access to affordable housing.
The UIPI President, Stratos Paradias, said: “Young generations’ access to the housing market is a major issue of the running decade and it needs to be tackled.
“UIPI has a clear role to play in this debate and we have to promote solutions that stimulate the inclusion of young Europeans in the European housing market.
“Rather than imposing rent control and high taxation, we believe that we have to correct the damages of the crisis in a way that does not endanger financial as well as macroeconomic stability.”
Richard Price, director of operations at the National Landlords Association and executive director at UKALA said: “It comes as no surprise that younger generations are finding it much harder to enter the housing market across Europe.
“Increasing the supply of affordable housing is the most likely factor to improve the situation in the UK, but this needs to go hand in hand with a stable economy and confidence in employment prospects.”