The lowest costs were observed in Bulgaria, which was 61% below the EU average.
House prices across the EU increased by 48% between 2010 and 2023, with the highest increases observed in Estonia, up 209%, Hungary, up 191%, and Lithuania, up 154%. During the same period, rent prices increased by 22%, with Estonia once again recording the latest increase of 211%, followed by Lithuania, up 169%, and Ireland, up 98%.
As of last year, across the entire EU, 69% of the population owned their own home, while the remaining 31% lived in rented housing. Ireland is near the EU average on home-ownership compared to rental.
Germany was the only country where renting was more common than home-ownership, with 52% of the population being tenants.
Ireland had the highest proportion of people living in houses as opposed to apartments, at 90% compared to 10%. The next-highest was the Netherlands, where 79% live in houses. The highest percentages living in flats were observed in Spain at 66% and Latvia at 65%.
Ireland has one of the highest average numbers of people per household, at 2.7 — behind only Slovakia at 3.1 and Poland at 2.9.
Regarding affordability, on average EU households spent 19.7% of their disposable income last year on housing. In Ireland this was 17.1%.
“Looking at those with a disposable income of below 60% of the national median income — people who could be considered as at risk of poverty, the share of housing in disposable income was 38.2% on average in the EU,” Eurostat said.
“On the other hand, for those with a disposable income of above 60% of the median income, the share amounted to 16.2%.”
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Publish date : 2024-11-28 09:18:00
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