EU membership enjoys strong approval in new member states largely thanks to the economic firepower they have gained. Euronews Business takes a closer look at the GDP growth story in the new accession states since the bloc’s historic enlargement in 2004.
The same or at least similar increase in real estate prices has happened in non-EU countries around the world, and the primary beneficiaries are the local upper-class not the foreign investors. It is a complex topic, and EU regulation does play a role in it, but overall I would say that the EU isn’t the primary driver behind this.
I don’t think the EU per se is the reason for this. I think the free flow of foreign capital into industries of essential goods is more to blame, and that lax regulation does come with the EU.