Young people in Cyprus remain in the parental home longer than most of their European peers but face one of the lowest housing cost burdens in the EU, according to figures published Tuesday by Eurostat.
Data from the CNA shows that Cypriots leave the family household at an average age of 27.2 years, compared with the EU average of 26.2 years. Only a handful of countries report later departures, including Croatia (31.3 years), Slovakia (30.9 years), and Greece (30.7 years). At the other end of the spectrum, young people in Finland (21.4 years), Denmark (21.7 years), and Sweden (21.9 years) leave home significantly earlier.
At the same time, just 2.8% of Cypriots aged 15–29 live in households where more than 40% of disposable income goes to housing costs. This figure, known as the housing cost overburden rate, is among the lowest in the EU, where the average stands at 9.7%. By comparison, Greece (30.3%), Denmark (28.9%), and the Netherlands (15.3%) record some of the highest burdens. Alongside Cyprus, Croatia (2.1%) and Slovenia (3.0%) post the lowest rates.
The relatively light financial pressure on young Cypriots is thought to be closely linked to the trend of remaining in the family home for longer, in contrast to many other EU states where earlier independence often comes with greater economic strain.
