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Does Europe (more or less as whole) have a philosophy that rental properties are a regulated enterprise that is solely to be managed by a established company?

I mean I really do like the idea but I've heard of incredibly long waiting lists for apartments in places like Germany simply because there just isn't enough supply to meet demand.

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No no, you can buy an apartment, and rent it out, and then the renter registers the apartment as official address etc. So the apartment isnt empty. There are some laws you have to follow, but its pretty easy to do. I dont know the details of Germany, but mostly what i have seen here is not enough supply, and big demand.

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