Bulgaria is in the Top 3 with Most Expensive Housing Maintenance in Villages – Novinite.com

Bulgaria is in the Top 3 with Most Expensive Housing Maintenance in Villages – Novinite.com

In 2021, a overall of 10.4{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of the EU inhabitants lived in households closely impacted by high housing charges, with 6.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of them in rural locations. This is shown by Eurostat knowledge.

Bulgaria falls into a little group in which this burden in rural locations is specifically high. According to the data, this is most visible in Greece, Bulgaria and Romania. In Bulgaria, the level of the indicator described by Eurostat – extreme housing expenses in the villages, is 13.3{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}, in contrast to 22{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} for Greece and 10.8{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} for Romania. The lowest are in Cyprus (1.3{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}), Eire (1.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}) and Hungary (2.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}).

The problem in Bulgaria and the other two nations differs from the typical values for the EU, where this abnormal housing burden occurs largely in metropolitan areas. Greece also sales opportunities there with 32.4{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}, adopted by Denmark (21.9{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}) and the Netherlands (15.3{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}).

What does this excessive value show?

The Eurostat indicator signifies the proportion of the population living in homes for which domestic maintenance prices make up more than 40{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of whole earnings. The thought is to show the place and how a lot residence upkeep is an unbearable price that stops homes from employing their revenue for a thing else, Andriyan Nikolov from the Institute for Industry Financial system defined to “Dnevnik”.

He emphasizes that in this case it is not about classical financial poverty, but an attempt to distinguish a independent issue that influences normal lifetime. The standard assumption is that households come to be richer when the share of expenses for primary lifestyle needs – food, shelter, wellness – decreases and that for society, sports, tourism raises, which show an growing excellent of daily life.

Why is housing servicing in villages high-priced?

In Bulgaria and its neighbors, the clarification lies mostly in very low incomes, which imply that lousy homes spend a significant share of their money to protect essential requirements, the economist clarifies. “Nonetheless, it is hanging that at the prime of the ranking are also nations around the world these types of as Denmark, the Netherlands, and Belgium, wherever the problem arrives from the other aspect – household incomes are not reduced, but housing servicing is high priced against the qualifications of the other groups of expenses,” he provides. This is also the explanation why the share of housing cost overburden is greater in metropolitan areas.

In the situation of the Balkan nations, it is the reverse – owing to the great inequality in money among city and rural spots, although housing expenditures in the cities are nominally greater here as nicely, the big difference in money is much more substantial, explains Georgiev.

Greece is a specific case – there has been visible stagnation in incomes in current a long time, against the history of unfavorable rate dynamics. As a result he describes why the housing stress in this place is excessive in both equally towns and villages. “Thanks to this, specially for poorer homes, there is not significantly change in real income, which also potential customers to what we see as distribution,” he provides.

In accordance to the facts in cities in Lithuania (1.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}), Malta (2.9{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}) and Hungary (3.1{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}), the indicator for this price tag is the least expensive in the entire European Union.

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