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Tuesday 20 August 2019

Irish spend just under a quarter of total expenditure on housing costs

Photo: Stock image
Photo: Stock image
Ellie Donnelly

Ellie Donnelly

In 2016 people living in Ireland spent 23.3pc of their total expenditure on household costs including housing, water, electricity, gas and other fuels.

This represents an increase of almost 4pc since 2006, with Ireland recording one of the highest increases in the expenditure across EU Member States in the past 10 years.

The figure for Ireland is just below the EU average spend on housing, water, electricity, gas and other fuels of 24.5pc, and overall the expenditure represents by far the most significant expenditure of EU households, according to data from Eurostat, the statistical office of the European Union.

Of all the household expenditure main items in the EU, housing was the item that saw the most significant increase in spending over the last decade, rising from a share of 22.7pc of total household expenditure in 2006 to 24.5pc in 2016.

Similar trends can be observed in the overwhelming majority of EU Member States, just to different extents.

In 2016, households in Denmark (29.1pc), Finland (28.4pc) and the United Kingdom (27.1pc), devoted the largest share of their total expenditure to housing.

At the opposite end of the scale, the lowest proportion of household expenditure spent on housing was recorded in Malta (10.3pc), ahead of Lithuania (15.6pc), Cyprus (15.9pc), and Estonia (17.6pc).

Overall, the highest increase in household expenditure over the past ten years was recorded in Portugal, rising from 14.3pc of total household expenditure in 2006 to 18.8pc in 2016.

In contrast, the share of housing, water, electricity, gas and other fuels in total household expenditure dropped slightly between 2006 and 2016 in a small number of Member States including Slovakia, Poland, Malta, Germany, and Sweden.

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