00:00What if owning a home wasn't just delayed but completely out of reach?
00:08According to a new study, long-term renting is becoming a permanent reality across Europe.
00:15Drawn from 39 OECD nations, the Forever Renter Index shows European countries dominating the global rankings.
00:24Denmark ranks second with a score of 67.2 out of 100.
00:30With an equal split between renting and owning, nearly half the country rents even though buying is common.
00:37Switzerland and Luxembourg tie for fourth with a score of 59.7, with Switzerland recording the highest renter's share in
00:44the study at 61.2%.
00:47Financial pressures hits markets across the continent.
00:51In Finland and Sweden, typical renters spend nearly a third of their income just to keep a roof overhead.
00:59Portugal's property prices have surged nearly 50% than local wages since 2015, pushing home ownership out of reach.
01:09Even in Iceland, where nearly 80% of people own their homes, the minority who rent still face a heavy
01:1628% rent burden.
01:18As renting becomes the default, it's completely changing how Europeans live and invest in their homes.
