High Household Investment Rates in Cyprus for 2023
November 27, 2024
Cyprus ranks first in the EU in 2023 for household investment rates, despite economic challenges faced by many households. According to Eurostat, the investment rate is 14.6%, mainly focused on home purchases and renovations. Simultaneously, household savings are increasing as people tend to save more during periods of economic uncertainty. There are significant disparities in investment rates across EU countries, with Greece and others showing single-digit percentages.