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Friday 24.03.2017 | Name days: Kazimirs, Izidors

Baltic housing – one-third smaller than average across Europe

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe average housing size in the EU is 96 m2. In Baltic States, however, housing size does not exceed 63-67 m2 on average. One of the reasons for this is that there are fewer families living in private houses in Baltic States, according to results of SEB Bank’s Baltic Household Outlook.

In most countries of Central and Eastern Europe the average housing size is close to 70 m2. Among Baltic States, the largest apartments are found in Estonia – 67 m2 on average. In Latvia and Lithuania, on the other hand, average apartment size is 63 m2. It is the lowest index after Romania among countries of Central and Eastern Europe.

The small size of apartments in Baltic States is explained with the fact that there the smallest proportion of private houses in Europe. While 78% of residents in Croatia live in private houses, in Estonia this index is only 36%. Only 35% of Latvia’s population lives in private houses. In Lithuania, the proportion is 41%. Regardless, this proportion is still lower than the average index in the EU (58%). Furthermore, most private houses in Baltic States are located in the country. 14-15% of families live in private houses located in towns. The average index in Europe is 40%.

The proportion of people living in private houses grows very slowly in Baltic States. Compared with 2005, this proportion in Latvia has increased by 3.2% and by 2% in Estonia. At the same time, the proportion of residents living in private houses in Lithuania has reduced by0.5%.

What is interesting is the fact that housing bought using loans is usually more spacious. In Latvia, the average size of housing bought with loans is 85 m2 (83 m2 in Estonia and 71 m2 in Lithuania).

Ref: 102.109.109.4894


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