Increasing Housing Costs for Low-Income Individuals in Cyprus
December 2, 2024
Low-income individuals in Cyprus face increased housing costs, needing 19.2% of their disposable income for housing in 2023. In contrast, those with higher incomes only spend 11.6%. The percentage of households with delays in rent and utility bills is also worryingly high. EU countries show significant variation in housing expenses, with Greece and Cyprus experiencing high rates of delays.