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Greece Tops EU for Housing Costs, Keeping Young Adults at Parents’ Home
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thetimes.gr
Credit: Greek ReporterGreece has the highest housing cost overburden in the European Union, according to new figures from Eurostat, the EU’s statistical office.
Young Greeks Among Europe’s Latest to Move OutThese steep housing costs are closely linked to another trend: young Greeks are among the Europeans who leave their parents’ home at the latest age.
The Greek ParadoxEurostat reports that in 16 of the EU’s 27 member states, including Greece, young people under 29 face a disproportionate burden from housing costs relative to their income.
By contrast, countries where young adults leave home later, like Cyprus, Croatia, and Italy, generally report lower housing cost pressures.
Greece is an exception: despite young people leaving home relatively late, they still face a high housing cost overburden.
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