In 2023, approximately 68.8% of Cypriots owned the homes they lived in, slightly below the EU average of 69.2%, according to Eurostat, the statistical agency of the European Union.
Conversely, 31.2% of Cyprus residents lived in rented accommodation, which is marginally higher than the EU average of 30.8%.
Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram
Homeownership Across The EU
The data reveals notable differences in homeownership rates across member states:
- Highest homeownership rates:
- Romania: 95.6%
- Slovakia: 93.6%
- Croatia: 91.2%
- Lowest homeownership rates:
- Germany: 47.6%
- Austria: 54.3%
- Denmark: 60.0%
These figures highlight a diverse landscape of housing preferences and economic factors shaping living arrangements across Europe. While Cyprus aligns closely with the EU averages, its homeownership rate remains well below the highest-ranking countries but significantly higher than those with the lowest rates.
This snapshot underscores the evolving dynamics of homeownership and rental trends in both Cyprus and the broader European Union.