Thursday, December 30, 2021

EU - HOUSE OWNERSHIP v RENTAL

 Filenews 30 December 2021



Cyprus ranks 7th among the EU countries in terms of the percentage of its citizens who rent their residence.

Specifically, according to Eurostat, 68.6% own a privately owned home while 31.4% rent.

More generally, in 2020, 69.7% of the population in the EU lived in privately owned housing compared to 30.3% who lived in rented housing.

Romania first

The highest percentages of ownership were observed in Romania, where 96% of the population lived in a privately owned dwelling, followed by Slovakia (92%), Hungary (91%) and Croatia (91%).

In all Member States, except Germany, ownership is more common. In the case of Germany, half the population lived in a rented dwelling. Also, ownership shares were lower in Austria (55%) and Denmark (59%).

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