CLOSE
Loading...
12° Nicosia,
04 October, 2022
 
Home  /  News

Seven out of 10 in Cyprus and the EU owned their home in 2020

According to data released by Eurostat

Source: CNA

Almost 70% of the population of the European Union lived in a privately owned house, while about 30% lived in a rented house in 2020, according to data for 2020 published by Eurostat, the EU statistical office.

In Cyprus, the relative percentages for the same period are in line with the European average, as 68.6% lived in a privately owned house (69.7% in the EU) while 31.4% lived in a rented house (30.3% in the EU).

The highest rate of homeownership was recorded in Romania where 96.1% lived in a privately owned home. It was followed by Slovakia (92.3%) and Hungary and Croatia (both 91.3%).

Homeownership was more common in all Member States in 2020, except in Germany, where half the population lived in privately owned housing and the other half in rent (50.4% and 49.6% respectively).

Homeownership rates were also low in Austria (55.3%) and Denmark (59.3%).

In terms of the percentage of the population living in rented housing, Cyprus was in 7th place out of 26 countries (no data was provided for Italy).

TAGS
Cyprus  |  economy

News: Latest Articles

X