Charted: Home Ownership Rates Across Europe

Bruno Venditti
2024-10-08 00:55:43
www.visualcapitalist.com

Charted: Home Ownership Rates Across Europe

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Although the size, construction, and quality of homes vary across Europe, housing affordability remains a widespread challenge throughout the region.

In this graphic, we visualize the homeownership rate in select European countries in 2023, according to Statista.

Housing Supply

At the top of our ranking, Albania has a homeownership rate of 96% among adults.

It’s possible to buy a two-bedroom apartment with 100m² in the capital of the Balkan country, Tirana, for €287,000 ($315,000).

In contrast, only 42% of people own property in Switzerland. A similar-sized apartment in Zurich costs around CHF 1,095,000 ($1.28 million).

Country	Homeownership Rate (%)
Albania	96
Romania	96
Slovakia	94
Serbia	92
Croatia	91
Montenegro	91
Hungary	91
Lithuania	89
Poland	87
Bulgaria	86
North Macedonia	86
Latvia	83
Estonia	81
Norway	79
Portugal	76
Czechia	76
Spain	75
Slovenia	75
Italy	75
Malta	75
Belgium	72
Netherlands	70
Greece	70
Ireland	69
Finland	69
European Union (27)	69
Cyprus	69
Luxembourg	68
United Kingdom	65
Sweden	65
France	63
Denmark	60
Turkey	57
Austria	54
Germany	48
Switzerland	42

With growing populations in major cities, rising construction costs present a challenge for housing supply.

The rental market is another factor in the equation.

As reported by Statista, countries with more mature rental markets, such as France, Germany, the UK, and Switzerland, tend to have lower homeownership rates.

Over the past few years, the share of homeowners among the population of all 27 European countries has remained relatively stable. On average, EU countries have a homeownership rate of 69%.

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To learn more about this topic, check out this graphic showing how the majority of Americans can no longer afford an average house.

The post Charted: Home Ownership Rates Across Europe appeared first on Visual Capitalist.

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