Europeans are paying up to 40% of their earnings on rent 

A estate agent's sign advertising that a property is for rent.

Rates have steadily risen in many of Europe's cities. Image: Unsplash/Ethan Wilkinson

Alfred Kammer
Director, European Department, IMF
Andrea Schaechter
Advisor, European Department, IMF
Andreas Tudyka
Economist, European Department, IMF
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a chart showing the percentage of earnings spent on rent across europe
40% is generally the threshold for a household to be considered overburdened by rent payments. Image: World Bank
a chart showing the affordability gap
The affordability gap is growing. Image: World Bank
a chart showing renter and homeowner occupation
Renters are more likely to have jobs vulnerable to the COVID-19 pandemic. Image: World Bank

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COVID-19European UnionCities and Urbanization
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