More than two-thirds of people in Cyprus own their homes

Owning a home is a dream for many, and it seems that Cyprus is making that dream come true for a significant portion of its population. Fresh data from Eurostat unveils the remarkable fact that over two-thirds of the people in Cyprus proudly call their homes their very own.

The latest info from Eurostat tells us that lots of people in Cyprus own their homes. In 2021, 69.8% of Cypriots lived in houses they owned, and in 2022, it was 69.6%. That's a bit more than in 2019 and 2020, which were 67.9% and 68.6%, respectively.

Other countries in southern Europe also have high homeownership rates. In Portugal, an impressive 77.8% own their homes. Spain isn't far behind at 76%, and Italy is at 74.3%. Greece sits at 72.8%, and Malta takes the lead in the region with 82.6%. Only France has a lower rate, which is now 63.4%.

Moving east to the Balkans, Bulgaria has an 85.8% rate, Romania leads with 94.8%, Croatia is at 91.1%, Latvia has 83.1%, and Lithuania has 88.6%. Hungary and Poland also score high at 90.1% and 87.2%.

In northern Europe, it's a bit different. Germany has a homeownership rate of 59.6%. Estonia is lower at 46.7%, Austria is at 51.4%, and Slovenia boasts 75.4%. On the other hand, Slovakia is super proud with a rate of 93%, while Finland, Sweden's neighbor, has 69.5%, and Sweden itself is at 64.2%.

The data provided by Eurostat offers us an insight into the European house ownership picture. Cyprus is at the top of homeownership, but other southern and Balkan countries are not far behind. But the north has a somewhat different image to share.