Romanians like to be homeowners even if their wages are low

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In the region, Romanians want to be homeowners, even if the financial effort is very high for many of them. Thus, over 95 percent of them have their house. From this point of view, Romania exceeds other countries more developed such as Germany, France, UK, Spain, Poland and Sweden. These figures come from Eurostat, the statistical office of the European Union.

On top are those from Lithuania, Hungary and Slovakia, where the salary is not very high.

A Lithuanian earns EUR 248 per month with EUR 74 more than a Romanian, while a Hungarian receives at the end of the month EUR 267 and a Slovak – EUR 351. Foreigners with higher financial possibilities do not put as much value on the property deed as Romanians.

The Swiss, for example, are Europeans who earn the highest average net wage, EUR 2,615 per month, 15 times more than Romanians. However, only 44 percent of them are owners, which is the lowest rate recorded at the European level. After Swiss, Germans and Austrians are following.

On the same time, the house prices, as measured by the House Price Index (HPI), rose by 0.5 percent in the euro area and by 2.3 percent in the EU in the third quarter of 2014 compared with the same quarter of the previous year.

According to the same Eurostat data, compared with the second quarter of 2014, house prices rose by 0.6 percent in the euro area and by 1.1 percent in the EU in the third quarter of 2014.

House prices decreased by 2.3 pc annually

Among the Member States for which data are available, the highest annual increases in house prices in the third quarter of 2014 were recorded in Ireland (+15 percent), Estonia (+13.2 percent), Latvia and the United Kingdom (both +11.7 percent), Sweden (+10.3 percent) and Lithuania (+10.1 percent), and the largest falls in Slovenia (-5.4 percent), Italy (-3.8 percent) and Romania (-2.3 percent).

The highest quarterly increases were recorded in Ireland (+6.2 percent), Latvia (+4.9 percent), and Croatia (+4.7 percent), and the largest falls in Slovenia (-1.1 percent), Romania and Malta (both -0.9 percent).

 

 

 

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