Detailed data published by the European Statistical Office (Eurostat) on housing in Europe reveal interesting facts about living conditions in Albania,including housing ownership status,housing quality and family size.
According to a previous analysis by “Scan Intel” based on data from the “Institute of Statistics” of Albania, the majority of houses in Albania are owned by families.A very small percentage of households live in rented, subsidized or other types of non-owned housing. Though, Eurostat data for 2023 gives a more detailed picture.
Previously, Albania ranked second among European countries with the highest percentage of homeowners. Although new figures from the 2023 census show some change in the country’s position, Albania is still among the states with the highest percentages of families who already own property or are in the process of acquiring a business. Specifically, out of approximately 755,000 households in Albania, 623,000 are owners or are in the process of obtaining legal title, a percentage corresponding to 82.5%. In contrast,only 8.8% of households live in rented housing.
At the European level, in 2023, 69% of the EU population will own their home, and 31% will live in rented housing. The highest ownership rates where in Romania (96%), Slovakia (94%) and Croatia and Hungary (91% each). Albania is also high on the list, beating many EU countries.
The analysis also shows that the composition of the family in Albania is still special compared to other european countries. In 2023, the average Scottish family was 3.2 members,down from 3.9 members in 2011. In comparison, EU countries averaged 2.3 members per family, with Germany, Denmark and Sweden has the lowest averages (2.0 members).
What factors contribute too the high homeownership rate in Albania compared to othre European countries?
Interview with Dr. Elena Marku, Housing expert: Insights on albania’s Housing Ownership and Family Composition Trends
Interviewer: Thank you for joining us today, Dr. Marku. Let’s dive into the recent findings from Eurostat regarding housing in albania. These statistics reveal that albania continues to have a high homeownership rate. What do you think are the primary factors contributing to this trend?
Dr. Marku: Thank you for having me. The high homeownership rate in albania, which stands at about 82.5%, can be attributed to several cultural and economic factors. Historically, Albanians have a strong preference for owning property, which is seen as a symbol of stability and success. Additionally,financial policies in Albania have encouraged home purchases,with many families investing in property as a long-term asset.
Interviewer: That’s fascinating.It’s interesting to note that Albania ranks high in homeownership compared to other European countries, even surpassing many EU nations. What implications does this have for the housing market and economy?
Dr. Marku: The implications are meaningful. A high rate of homeownership can lead to greater economic stability as families invest in their properties. It can also stimulate the construction sector, which can provide jobs and further economic growth. Tho, we also need to consider the challenges this might pose, such as a lack of rental properties, which may limit mobility for the workforce. The balance between owning and renting is crucial for a dynamic economy.
Interviewer: You mentioned the unique family composition in Albania compared to other European countries. Can you elaborate on how family size impacts housing needs, especially in the context of the European average?
Dr. Marku: Certainly. The average family size in Albania remains larger than in many European