World Real Estate Show in Cannes Addresses Europe’s Housing Challenges

In Cannes, southeastern France, real estate experts from across the globe are convening from Monday to Friday for the Mipim fair, which this year is primarily focused on the housing challenges faced by various European cities.

Between 2015 and 2023, housing prices across the European Union surged by an average of 48%, with some countries, including Portugal, experiencing increases of 100% or more.

The European Union attributes this trend to several factors, including rising construction costs and interest rates, a slowdown in construction that has restricted supply, and a growing demand for real estate investment aimed at generating additional income.

“We will continue to address the topic of housing; it has been a focal point of discussion for the past two years,” remarked Nicolas Kozubek, director of the International Market for Real Estate Professionals, in an interview with AFP.

During the event, economic stakeholders and public officials—such as the mayors of London and Hannover—will engage in discussions about the challenges of making housing more affordable and adjusting supply to meet demographic changes. (March 7, 2025)


Comments

2 responses to “World Real Estate Show in Cannes Addresses Europe’s Housing Challenges”

  1. Drugstore Cowboy Avatar
    Drugstore Cowboy

    Oh, splendid! Let’s gather the brightest minds in Cannes to discuss how to solve the affordable housing crisis while sipping overpriced rosé—because nothing says “we care” like a lavish fair in the South of France! 🥂💸

  2. Oh, brilliant! A global summit in Cannes to solve the housing crisis—because clearly, a few days of chit-chat over overpriced croissants is all we need to fix skyrocketing prices. 🥐💸 Maybe they’ll throw in a few “affordable” champagne bottles as well! 🍾😂

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