Financial Burden Trend of Housing Expenditures in Kosovo

Main Findings (2018-2021 Transformation): In 2018, the rate of those who saw housing and basic household expenses as a "Heavy burden" was 53.4%. This rate decreased to 50.2% in 2019 and to 40.7% in 2020, presenting a positive picture. Jump in 2021: However, in the 2021 data, the rate of those who see expenses as "Heavy burden" increased sharply to 63.3%. In the same period, the rate of those who "do not see these expenses as a burden" (It is not a burden) decreased from 21.5% in 2020 to 1.6% in 2021. Investor Comment: This sharp fluctuation in 2021 is likely a result of the global energy crisis, rising electricity/heating costs and food inflation reflected in household budgets. (Similar effects were also seen in the heating problem data). The consumer has difficulty in paying basic housing expenses; It mathematically proves that in the construction industry, smart home projects that are "insulated, energy-friendly and produce their own energy" (with solar panels) are the fastest type of real estate to be sold/rented in Kosovo. (Warning: This data alone is not sufficient for the investment decision; it should be examined together with current electricity tariffs and Central Bank inflation reports).