Approximately 55% of the Homes in Romania are Overcrowded

Friday, Jun 15, 2012 | Post by TudorEstates

More than half of the homes in Romania are overcrowded, the highest level in the EU -27%, compared to an average in the European community of less than 20%, Romania being the country with most buildings occupied by their owners, as declared by the president of Alpha Bank, Sergiu Oprescu.

Overcrowded housing means when the number of rooms is less than the number of members aged over 18 years in the household, and in this situation are about 55% of homes in Romania, compared with 17.6% in the EU, 22% in Czech Republic and about 47% in Poland, Hungary and Bulgaria. A studio in which lives a couple is an overcrowded house , even if they have children or not, considering that a minimum of comfort for such a family would be at least an apartment with two rooms (bedroom and living room). At the same time, Romania has many homes occupied by their owners, with an overwhelming percentage, 98% of total residential space. Only Hungary is getting close to this level, with a percentage of 95%. At European level, 69% of residential buildings are occupied by owners, and a higher rate is also found in Bulgaria, with 88%. Percentage of 98% means that are rented only about 170,000 homes out of almost 8.5 million in Romania. These data show very low flexibility of the labor force in Romania. In contrast, Germany has less than 50% of the homes occupied by owners, followed by Denmark, Netherlands, Austria and Finland, with just over 50%, according to the European Mortgage Federation. Still below the European average ranks France, Sweden and Britain, while Spain, Greece and Italy exceed the average by 10-15 percentage points. The situation in Romania is explainable considering the measures adopted after 1989, of selling the state-owned apartments to the tenants at low prices, including many of the buildings nationalized. The two figures combined show a significant demand for housing coming from young people.

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