According to the Hellenic Statistical Authority about three out of ten households in the country (28%) were obliged to repay a loan last year, while 72% are not obliged to repay any loan, excluding any mortgage loan for the purchase of the main house, according to ELSTAT data for 2020 (income 2019).
Of the indebted households, 19.6% have the obligation of one loan, 6.5% two loans, 1.7% three loans and 0.2% four loans.
Beyond that, 15.9% of poor households declare the obligation to repay at least one loan, while the corresponding percentage of non-poor households is estimated at 30.6%. The main reason for taking a loan is the purchase of assets (including home furniture and appliances and interior decoration), inside or outside the country of residence (56.3%), followed by the coverage of daily living expenses (46.5%) , education (7.9%), transportation (7.8%), vacations (7.2%), medical care (3.6%), personal loan for own business financing (1, 5%) and loan refinancing (1.4%).
The main source of financing of the above household loans is the bank or other financial institution (99.2%), followed by the private source (relatives, friends, etc.) at a rate of 1.7% and another source of 0.2%.
The average amount due, including interest and principal, of household loans for all its members, paid last month (excluding any mortgage for the purchase of the main residence) is estimated at 236.70 euros, while the corresponding amount of of poor households is estimated at 174 euros and of non-poor households at 246.35 euros.
Savings
At the end of a typical (normal) month, households save 37.4%, while 27.3% are in need of spending from their savings (whether it is bank deposits or money kept at home), 16.3% are in need of borrowing from third parties and 18.9% neither save nor are in need of dipping into savings or borrowing. The corresponding percentages of poor households are estimated at 9.4%, 30.1%, 37.4% and 23.1%.
When asked how long it would be possible for a household to maintain its current standard of living by using its savings alone (in bank accounts or at home), 33.4% of households said in less than 3 months , 17.3% from 3 to 6 months, 8.2% from 7 to 12 months and 5.9% for more than 12 months, while 35.2% had no savings. The corresponding percentages of poor households are estimated at 28.4%, 6.4%, 2.9%, 1.9% and 60.4%.
The current value (sale price) of the main household domicile, ie the amount that the household considers it would receive if it sold its main residence, is estimated at 103,619 euros, while the corresponding amount for poor households at 89,391 euros and non- poor households at 106,452 euros.
The average amount remaining to repay the mortgage loan of the main residence is estimated at 39,516 euros, while the corresponding amount for poor households at 29,436 euros and non-poor households at 41,297 euros.
Finally, 40.7% of households stated that they own some real estate outside the main residence, while the respective percentages of poor and non-poor households are estimated at 28.6% and 43.1%.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy
EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.
The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.
Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year
Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.
Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses
Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.
Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February
Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.
Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)
![ΕΛΣΤΑΤ: Αυξήθηκε η οικοδομική δραστηριότητα κατά 15,6% το Δεκέμβριο [πίνακες]](https://www.ot.gr/wp-content/uploads/2025/03/DSC9655-2-1024x569-1-90x90.jpg)
