INREV estimates some €11.8 trillion is needed to address the undersupply, affordability, and energy efficiency of homes in Europe.

In a paper called Solving Europe’s housing challenge: Aligning institutional capital to public policy ambitions through an industrial housing strategy, INREV bases its figure on housing policy requirements and the cost of delivering housing units in seven countries — the United Kingdom, France, Netherlands, Germany, Ireland, Spain and Sweden — during the next 10 years.

The association says successfully dealing with the scale of the European housing crisis is beyond the scope of most parliamentary cycles and the financial capacity of public authorities. As a result, institutional capital is well positioned to help address Europe’s broken housing market. Harnessing institutional capital — especially long-term patient capital — is an appropriate way to address the housing challenge, argues INREV. Patient institutional ca