x

Society

Home Ownership Rates Drop to All-Time Low in Greece

October 17, 2017

ATHENS – The saving grace for many Greeks during a 7 ½-year-long economic crisis, owning their own homes, is being lost as well at the same time Greek families pay nearly four times more than their fellow Europeans in housing costs as a percentage of their income.

That was found in a survey by Housing Europe, the European Federation for Public, Cooperative and Social Housing which said households in Greece spend 41 percent of their disposable incomes on housing costs, while the European average comes to just 11.3 percent.

Housing expenses include rent or mortgage installments, the cost of heating, water, electricity, telephony and cleaning.

Crucially, the rate of households living in properties they own has dropped to an all-time low of 73.9 percent, although still good enough to rank 26th in the world.

RELATED

ATHENS – It's not over 'til it's over and it's not over in Greece – or anywhere – the stubborn Coronavirus' Omicron subvariants making cases soar again just as tourists allowed in without having to abide by health measures are flooding the country.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

Woman Fatally Shot while Pushing Stroller on Upper East Side

NEW YORK — A 20-year-old woman was fatally shot Wednesday night while she pushed her infant daughter in a stroller on the Upper East Side, police said.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.