There are growing concerns about housing affordability throughout Europe. Recent studies by Housing Europe and the OECD have suggested that we are witnessing a generalised deterioration in housing affordability, while other studies point to worsening housing affordability for specific groups, such as renters or low-income households. The aim of this paper is to explore trends in, and incidences and determinants of, housing affordability in a comparative European context over the period 2010 to 2018. To do this we analyse data from the EU Statistics on Income and Living Conditions survey. We examine trends across different measures of housing affordability; examine its association with a variety of socio-economic characteristics and explore country-level differences in housing affordability problems. Our study finds that despite claims of worsening housing affordability, affordability measures show little sign of generalised deterioration over the period in question but that risks of affordability problems have become more concentrated on market renters during this period. At the country level, we find that gross domestic product (GDP) per capita and the at-risk-of-poverty rate are associated with housing affordability problems both between countries as well as within countries over time, while housing allowance coverage and rent regulation stringency are associated with affordability problems between countries.

For an increasing proportion of Australian households, the Australian dream of home ownership is no longer an option. Neoliberal housing policy and the financialisation of housing has resulted in a housing affordability crisis. Historically, Australian housing policy has afforded only a limited role to local government. This article analyses the results of a nation-wide survey of Australian local governments’ perceptions of housing affordability in their local government area, the possibilities for their meaningful intervention, the challenges they face, the role of councillors and councils’ perceptions of what levels of government should take responsibility for housing. Almost all of the respondents from Sydney and Melbourne councils were clear that there is a housing affordability crisis in their local government area. We apply a framework analysing housing policy in the context of neoliberalism and the related financialisation of housing in order to analyse the housing affordability crisis in Sydney and Melbourne. We conclude that in order to begin resolving the housing crisis in Australia’s two largest cities there has to be an increasing role for local government, a substantial increase in the building of social and affordable housing and a rollback of policies that encourage residential property speculation.

This article summarises the long-run decline in housing affordability in England and suggests this is substantially attributable to shortfalls in housing supply. Public attitudes to housing have become increasingly pro-development in recent years and the current policy framework – summarised in the article – seeks to provide a comprehensive and rounded response to the challenges facing the housing market.

In housing affordability levels and volatility, there could hardly be a greater contrast than between the UK and Germany. Differences in history, institutions and policies are explored in this paper. Residential housing supply has been far more expansionary in Germany and mortgage credit more tightly regulated. A sensibly regulated rental market and stable German house prices have combined to leave the rental sector with over half of tenures. Policy failures in the UK have resulted in widening intergenerational inequality, increased social exclusion, adversely affected productivity and growth and raised the risk of financial instability. Policy lessons are drawn for the UK, which go far beyond the remit of the immediately responsible Ministry of Housing, Communities and Local Government.