Housing costs based on income are among the highest in the Eurozone. In our country, the total housing burden is calculated by the ECB at an average of 400 euros per month if housing loans are excluded. Together with mortgages, the average cost rises to 600 euros.
However, if income is also taken into account, Greece is higher as a ratio of housing costs to incomes even than households in rich countries such as Germany, the Netherlands and France, it is noted in today’s publication of the Youth.
It is pointed out that housing costs are rising for Eurozone households, and Greece, due to increases in mortgage repayment installments from high interest rates, high rents and higher utility bills.
Austria ranks first based on housing cost to income. If the mortgage installment is also taken into account, then Greece is more expensive.
On average in Eurozone countries, housing costs take up around 20% of disposable income for owners, 40% for renters and 35% for those living in a house for which they pay a mortgage, the ECB bulletin said.
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