The tech community loves to mock EU for being lazy or being anti-innovation or anti-business but at the end of the day life in Europe is pretty good. Food is good, its safe, people live healthy long lives - things reserved for the rich in the USA. Community preserving regulations are all over the Europe, which might make the housing markets less dynamic but once you are in you don't easily loose access to your community when your fortune isn't performing.
Being the "old world", Europe has been over this stuff long ago and despite people imagining that bureaucrats of Brussels are making up the regulations, European love for strong government is rooted in past experiences with issues and their solutions.