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Homeownership In Cyprus: How It Compares To The EU In 2023

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%.

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.

TikTok Returns To US App Stores 

TikTok is once again available for download in the Apple and Google app stores in the US, following a delay in the enforcement of its ban by former President Donald Trump. The ban’s postponement until April 5 gives the administration additional time to evaluate the situation.

Key Developments

The decision to restore TikTok access came after Google and Apple received reassurances from the Trump administration that they would not face legal consequences for reinstating the Chinese-owned app. According to Bloomberg, US Attorney General Pam Bondi sent a letter outlining these guarantees.

In an executive order signed on January 20, Trump instructed the attorney general not to take enforcement action for 75 days, providing time for his administration to determine how to proceed.

Uncertain Future For TikTok In The US

While TikTok is back on the US app stores, its long-term survival remains uncertain. If no deal is reached by early April to address national security concerns, the app may face another shutdown. ByteDance, the parent company, has insisted that TikTok is not for sale.

Legislation And Pressure On ByteDance

The Protecting Americans from Foreign Enemy-Controlled Apps Act, which passed with bipartisan support in Congress, mandates a nationwide ban on TikTok unless ByteDance sells its US operations. This law was signed by President Joe Biden in April of last year.

In late January, the app was briefly removed from US stores following the ban’s activation, impacting over 170 million American users. However, TikTok was restored soon after, following Trump’s intervention in his first hours as president. During that time, he signed an executive order allowing 75 days for a deal that would safeguard national security. Trump also suggested that the US could take a 50% stake in TikTok, a move he believed would keep the app “in good hands.”

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