Slovaks prefer to buy flats at their own expense

Oct. 24, 2016

Slovaks prefer to buy flats at their own expense

According to the latest Eurostat data, only 11% of the Slovak population lives in rented houses. The figure in Europe is on average 3 times higher. In the neighboring Czech Republic, the proportion of tenants is 22% and in Austria - 44%.


78% of inhabitants of Slovakia live in their own apartments and houses and have no obligations for bank loans. Mortgage or any other home loan is paid only by 11% of the population.


At the same time in Europe, less than 50% of citizen can afford to have their own home without mortgage. There is the majority of mortgages in Sweden and the Netherlands - only 7% of the citizens of these countries live in their own property and have no financial obligations to the banks.

Based on the materials of spectator.sme.sk

Photocredit Depositphotos.com