How come that nearly 80% of the population in Greece do live in their own house/flat?

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Vasiliki-Î’Î±ÏƒÎ¹Î»Î¹ÎºÎ®

I don't know why its happening.Maybe we are tought to think this way: Buying a house is a first priority goal.

Almost everyone I know ,has been brought up with the idea that the first serious goal is to buy a house:

Mothers: If you want to start a family you should have at least your own house !!!

Many people inherit a flat from their parents, many others take a ousing loan to by one.

Its better to pay the loan bill and at the end have your own house, instead of paying a rent and having nothing at the end.

http://www.mzes.uni-mannheim.de/eurodata/newsletter/no4/country_profile.html

look at here ,actually the rate says is 75%

"Most Greeks have two flats, one in a big urban centre and one on the islands or in the countryside. The house ownership rate is high with about 75%."

gugu

I didn't know this before. But what Vasiliki and Cpinatsi told are also true for Turkey. So, I believe what they told you is very possible indeed.

Bev M

Because houses in Greece are handed down from parents to children ad infinitum. Also businesses are handed down. They are very loyal to the family, not like some other countries, sometimes like ours, therefore the houses stay in the families for generations and generations. Also the families all live together, including parents and grandparents. Not too much renting goes on in Greece. Italians are similar in their thinking.

cpinatsi

Because Greek politicians have made the choice of allowing many buildings to be built in the method of "antiparochi", anyone who had a piece of land would give it to a contractor who would build flats sold for profit but the owner of the land would get some flats in return. So, many buildings were built, and parents usually give their children a flat or house when they get married, which is not done elsewhere, as far as I know. If I lived in Switzerland I would probably have a higher salary and pay a rent, because I couldn't buy a house on my salary here or there, but here I have a house that my parents gave me. And their parents gave them one flat each. We mostly invest in houses.

Tranquility

Iskren, think.

Parents in any other country do buy the houses as well.
Nobody has such percentage.
It is the true that every Greek I know in Australia does have a house or two or three.

It is amazing, they must be collecting houses like other people collect post stamps or butterflies.

Tomato Marouli

Don't hate, APPRECIATE!

J D

I don't know about the other countries, but the population of Kuwait is only about 25% Kuwaiti. The other 75% are expats who are not allowed to OWN property in Kuwait. So, consider that 75% of the people there are renting from a small percentage of people who own the apartment buildings.

Trek T

It is a tradition.

"Have your own roof above your head".

Iskren P

because parents buy the house and when they die they give it to their children and so on

Stargazer Universe

I don't know, but it sounds like a good research project. Maybe you should Google statistics of Greece for 2008, residential percentages.

GREEK CIGAR

Parents lose their entire life working , just to build a house for their spoiled children.Terrible isn't it? I personally dont give a sh!t about damn buildings, I d rather stay in rent and travel all around the world.

Pocket Protectorate

Because more than anybody...

Greeks need their privacy...

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