Although housing conditions have improved in Europe over past decades, certain shortcomings have been costing the EU billions according to a 2013 report from the European Parliament.
Medical and social service costs, as well as missed economic opportunities related to these conditions contribute to these figures.
The study also addresses inequalities in living standards throughout Europe, along with the estimated costs of a widespread renovation initiative. By stressing a long-term investment, the study shows how this type of action will yield economic growth over time.