Malta vs Europe
We further delved into the comparison of the Maltese data, which was collected locally through Informa Ltd. and the European data which was collected through a European Initiative via Marketagent.com. When comparing data one will see some fascinating comparisons. We have taken three comparisons and have placed them up against each other.
One of the questions we asked the targeted population was “Who do you currently live with?” which was an identical match to a questions that was asked for the European Survey.
It turns out that only 5% of the targeted population live on their own in Malta whereas in Europe this percentage was that of 15%. More people live with their spouse / partner in Malta (76%) than they do in Europe (62%). We also uncovered that in both Europe and in Malta that approximately 15 % of adults between 25 – 65 still live with their parents.
Average income spent on Housing
We also compared the average income spent on housing presented in the population behavior page with the finding from the European Survey. Whilst the average percentage of income spent on housing including bills, mortgage and other was that of 26% in Malta, the percentage of income spent on housing in Europe resulted in an average of 40%. In Europe 9% spend between 71% and 90% whereas 33% spend between 41 and 70% of their annual income. Malta registered the lowest whilst Spain, Greece and the Netherlands registered the most where each average amount of income spent on their household registered at 50%.
Ownership of a Second Home
The Maltese tend to invest their pounds and shillings in Brick and Mortar and this is certainly confirmed through this survey. 18.4% of the targeted Maltese population own a second residence, of which 96.7% is located in Malta or Gozo, whereas 15.6% of the targeted European population own a second residence, of which 94.8% own the property in their home country.
Almost one third of Greeks own a second home, followed by Polish (25.1%) and Turkish (24.8%) citizens. By contrast, only 5.4% of Germans stated that they have a second residence.