{"id":1514,"date":"2024-12-30T04:44:05","date_gmt":"2024-12-30T04:44:05","guid":{"rendered":"https:\/\/in-greece.com\/index.php\/2024\/12\/30\/homeowners-show-decline-in-cyprus\/"},"modified":"2024-12-30T04:44:05","modified_gmt":"2024-12-30T04:44:05","slug":"homeowners-show-decline-in-cyprus","status":"publish","type":"post","link":"https:\/\/in-greece.com\/index.php\/2024\/12\/30\/homeowners-show-decline-in-cyprus\/","title":{"rendered":"Homeowners show decline in Cyprus"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"post-1257485\">\n    <!-- .entry-header --><\/p>\n<div class=\"first-img article_thumbnail_wrapper\" itemscope=\"\" itemprop=\"associatedMedia\" itemtype=\"http:\/\/schema.org\/ImageObject\">\n                                                                    <picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2024\/07\/Cyprus_houses-320x200.jpg?v=1721680114\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"600\" class=\"picture-main-block-image\" data-nxsrc=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2024\/07\/Cyprus_houses.jpg?v=1721680114\" alt=\"Homeowners show decline in Cyprus\" src=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2024\/07\/Cyprus_houses.jpg?v=1721680114\"\/><br \/>\n                        <\/source><\/picture>\n                                                        <\/div>\n<div class=\"entry-content\" itemprop=\"articleBody\">\n<p>Homeownership in Cyprus came to 68.8% last year, slightly below the European Union average of 69.2%, according to Eurostat. Conversely, 31.2% of the population lived in rented housing, just above the EU average of 30.8%.<\/p>\n<p>Cyprus has historically boasted one of the highest homeownership rates globally, with figures nearing 78% around 20-25 years ago. The decline over the past two decades reflects significant shifts in the housing market.<\/p>\n<p>Several factors have driven this trend. Economic challenges, such as the 2013 financial crisis, impacted household incomes and access to financing, making homeownership less attainable for many. Rising property prices and high mortgage rates have further strained affordability. The Cypriot realty market has also seen increased foreign investment, particularly in cities and coastal areas, driving up property values and making it more challenging for locals to buy homes.<\/p>\n<p>Despite these challenges, homeownership remains a cultural cornerstone in Cyprus, deeply rooted in family traditions and societal values. The recent data underscore the need for policies that address housing affordability and support sustainable homeownership.<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<\/div>\n<p><script>\n        var NXFBPixelFunc = function () {\n            document.removeEventListener(\"scroll\", NXFBPixelFunc);\n            setTimeout(function () {\n                !function (f, b, e, v, n, t, s) {\n                    if (f.fbq) return;\n                    n = f.fbq = function () {\n                        n.callMethod ?\n                            n.callMethod.apply(n, arguments) : n.queue.push(arguments)\n                    };\n                    if (!f._fbq) f._fbq = n;\n                    n.push = n;\n                    n.loaded = !0;\n                    n.version = '2.0';\n                    n.queue = [];\n                    t = b.createElement(e);\n                    t.async = !0;\n                    t.src = v;\n                    s = b.getElementsByTagName(e)[0];\n                    s.parentNode.insertBefore(t, s)\n                }(window, document, 'script',\n                    'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n                fbq('init', '109138906120213');\n                fbq('track', 'PageView');\n            }, 0)\n        };\n        document.addEventListener(\"scroll\", NXFBPixelFunc);\n    <\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/www.ekathimerini.com\/economy\/real-estate\/1257485\/homeowners-show-decline-in-cyprus\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Homeownership in Cyprus came to 68.8% last year, slightly below the European Union average of 69.2%, according to Eurostat. Conversely, 31.2% of the population lived in rented housing, just above the EU average of 30.8%. Cyprus has historically boasted one of the highest homeownership rates globally, with figures nearing 78% around 20-25 years ago. The &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Homeowners show decline in Cyprus\" class=\"read-more button\" href=\"https:\/\/in-greece.com\/index.php\/2024\/12\/30\/homeowners-show-decline-in-cyprus\/#more-1514\" aria-label=\"Read more about Homeowners show decline in Cyprus\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":1,"fifu_image_url":"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2024\/07\/Cyprus_houses.jpg?v=1721680114","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-1514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/1514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/comments?post=1514"}],"version-history":[{"count":0,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/1514\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media\/1515"}],"wp:attachment":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media?parent=1514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/categories?post=1514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/tags?post=1514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}