According to a survey by the European Central Bank (ECB), Greeks are suffocating to cope with their monthly housing obligations, taking the sad first place in the relevant list among the countries of the Eurozone.
Among other things, the research points out that Greek property owners have a 30% chance of delaying the payment of their fixed house bills. At a very long distance, in second place is Italy with the specific percentage amounting to approximately 11%, while the rest of the Eurozone countries follow with single-digit percentages.
According to the research in Greece, the average cost of fixed accounts ( rent, installment, DEKO bills) rises about 25% of disposable income for those who own their property.
The situation is even worse in the category of renters, where Greeks show the highest probability of late payment of bills with a rate of 35%, followed by Italy at around 22% and with a rate below 20% the rest of the eurozone countries. In Greece the average cost of expenses for rent, installment, DEKO corresponds to 50% of the tenants’ disposable income. At this point, it is also the highest cost in the entire Eurozone.
In the category of mortgage holdersthe Greeks display in 46% more likely to delay payments on their home’s fixed costs. Italy is in second place with a percentage of 20%, followed by the other countries of the eurozone. The average cost of expenses for rent, installments, DEKO accounts for mortgage borrowers in Greece amounts to 45%.
