Spectator on facebook

Spectator on facebook

Slovak homeownership rate among highest in EU

NINE out of 10 Slovak households live in their own property.

(Source: Sme )

This means that they are owners of the flat or house they live in; and it is the second-biggest share in the whole European Union after Romania where 96 percent of households own their accommodation. It stems from a Poštová Banka analysis, based on data of Eurostat, the EU’s statistics office.

The EU chart is topped mostly by new member states, including the Visegrad Group (Hungary, Poland, the Czech Republic and Slovakia), Latvia, Lithuania, Bulgaria and Croatia. Historically, inhabitants of these countries tended to buy the flats they lived in, after the fall of communism, while before, there was virtually no real-estate market during the previous regime. Another reason is that a market for rental flats such as in western Europe is hardly developed in these countries, wrote Jana Glasová, a Poštová Banka analyst.

On the opposite end of the chart, there are developed economies of the EU: only about one half of Germans own the residence they live in, while the situation is similar also in Austria; in Denmark, the UK, France or the Netherlands, less than two-thirds households live in their own residence. There, the share of people renting the property they live in is highest.

While 50.3 percent of Slovaks live in a flat, 49.4 percent live in a house. The European average is more inclined towards houses; almost 60 percent of Europeans live in houses, and 40 percent in flats. Britons most prefer living in a house, as 85 percent of them prefer this style. Opposite is the case in Spain, where only one third live in a house, and the rest in flats.

Overall 25 percent of Slovak households are single-member. It can be estimated that these are mostly households of pensioners or young people before they start a family but after they leave parents’ homes. At first sight, this may seem to be a high number, but in the EU almost one-third of households are singles’ and in Denmark, they form 45 percent of all households, according to Glasová.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

The memory of emigration will survive in our children's children Photo

Dušan Tóth, a noted figure of the Slovak community in Canada remembers 1968 and his emigration.

Last days in Austria before departure to the US. Dušan and Valika Tóth, their son Petrík, and the parents, sisters and brother-in-law of Valika Tóth.

August 1968: After a temporary thaw, the Czechoslovak borders were sealed

Tens of thousands of citizens used the window of opportunity and left Czechoslovakia following the invasion of the Warsaw Pact troops 50 years ago.

August 21st, 1968: The Warsaw Pact troops, led by the Soviet army, invaded Czechoslovakia .

Slovak shooter wins women’s skeet at European Championships

Danka Barteková won the skeet competition, while two other Slovak shooters triumphed in the double trap mixed teams’ competition in Leobersdorf.

Sport shooter Danka barteková trains, illustrative stock photo.