FEINTS: Greeks Spend Over 40% of Income on Monthly Housing Costs

Thursday, March 23rd, 2017
Last Update: 14:37

The European Federation of National Organizations Working with the Homeless (FEINTS) recently did a survey which revealed that Greeks are spending more of their income than any other EU country on housing costs.

The costs taken into consideration are everything that impacts both owners’ and renters’ pocketbooks such as property tax (ENFIA), mortgage payments, rent and utility bills. The survey showed that 42.5 percent of Greek households spend more than 40 percent of their income on such household expenses.

Along with slashed salaries due to the financial crisis and austerities, it is estimated the Greeks are spending some 440 euros a month on housing needs such as mentioned above. Over the past eight years, the minimum wage levels in Greece have dropped sharply and at the end of 2016 was estimated to be an average of 683.76 euros per month. With unemployment prevailing in Greece, many households are left to survive on a monthly single income.

See Also:

Thank you for contacting Greece.com.

Thank you for your enquiry to Greece.com Villas, in partnership with ISV. Our Villa Experts will get back to you very soon with more information on your Greece villa holiday!

The contact form was not sent. Please contact us via email at [email protected]

All form fields are required.

If you want to add, edit or delete a Greece.com Business page, CLICK HERE to create a Greece.com Account