In the presented European countries, the homeownership rate extended from 42 percent in Switzerland to as much as 96 percent in Albania. Countries with more mature rental markets, such as France, Germany, the UK and Switzerland, tended to have a lower homeownership rate compared to the frontier countries, such as Lithuania or Slovakia. The share of house owners among the population of all 27 European countries has remained relatively stable over the past few years. Average cost of housing Countries with lower homeownership rates tend to have higher house prices. In 2023, the average transaction price for a house was notably higher in Western and Northern Europe than in Eastern and Southern Europe. In Austria - one of the most expensive European countries to buy a new dwelling in - the average price was three times higher than in Greece. Looking at house price growth, however, the most expensive markets recorded slower house price growth compared to the mid-priced markets. Housing supply With population numbers rising across Europe, the need for affordable housing continues. In 2023, European countries completed between one and six housing units per 1,000 citizens, with Ireland, Poland, and Denmark responsible heading the ranking. One of the major challenges for supplying the market with more affordable homes is the rising construction costs. In 2021 and 2022, housing construction costs escalated dramatically due to soaring inflation, which has had a significant effect on new supply.

This dataset provides values for HOME OWNERSHIP RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This dataset provides values for HOME OWNERSHIP RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Between 2008 and 2022, the homeownership rate in Germany decreased slightly. In 2022, about 46.7 percent of the population lived in an owner-occupied dwelling. This makes Germany one of the countries with the lowest homeownership rate and the biggest rental residential real estate market in Europe.

70% of White British households owned their own homes – the highest percentage out of all ethnic groups.

France is one of the countries with lower homeownership rate in Europe. In 2022, approximately 63 percent of people lived in an owner-occupied home.

United States Homeownership Rate: Annual data was reported at 63.900 % in 2017. This records an increase from the previous number of 63.400 % for 2016. United States Homeownership Rate: Annual data is updated yearly, averaging 64.700 % from Dec 1965 (Median) to 2017, with 53 observations. The data reached an all-time high of 69.000 % in 2004 and a record low of 63.000 % in 1965. United States Homeownership Rate: Annual data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.EB008: Housing Vacancy and Home Ownership Rate.

Home Ownership Rate in European Union decreased to 68.40 percent in 2024 from 69.20 percent in 2023. This dataset provides the latest reported value for - European Union Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The mortgage prevalence among homeowners in Europe varied widely across different countries in 2023. About ** percent of the total population in Norway was a homeowner, with ** percent paying out a mortgage loan. Conversely, only *** percent of households in Romania had a mortgage, with nearly ** percent being homeowners. Meanwhile, an average of ** percent of the total population within the EU-27 was an owner-occupant with a mortgage or housing loan. Homeownership depends on multiple factors, such as housing policy, the macroeconomic situation, the state of the housing sector, and the availability of finance. Countries with more developed mortgage markets tend to have lower mortgage interest rates.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

United States Homeownership Rate: Less than 25 Years data was reported at 22.600 % in 2017. This records an increase from the previous number of 21.900 % for 2016. United States Homeownership Rate: Less than 25 Years data is updated yearly, averaging 20.800 % from Dec 1982 (Median) to 2017, with 36 observations. The data reached an all-time high of 25.700 % in 2005 and a record low of 14.800 % in 1993. United States Homeownership Rate: Less than 25 Years data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.EB008: Housing Vacancy and Home Ownership Rate.

The total number of dwellings per one thousand citizens in European countries in 2023 was the highest in Bulgaria and the lowest in Greece. There were approximately *** dwellings for every one thousand citizens in Bulgaria and in Greece, this figure amounted to ***. Germany had the largest total housing stock of **** million dwellings in the same year, of which there were *** per one thousand citizens. How prevalent is homeownership across European nations? Homeownership rates in Europe vary widely due to cultural, economic, and policy factors. Usually, countries in Southern and Eastern Europe tend to have higher rates of homeownership compared to those in Northern and Western Europe. For instance, in 2022, the homeownership rates in countries like Serbia, Romania, and Slovakia were quite high, topping ** percent. On the contrary, nations such as Germany, Switzerland, and Austria exhibited lower rates, below ** percent. New dwelling transaction prices across Europe The transaction price of a new dwelling includes the cost of the property itself, along with any additional expenses like taxes, fees, or other associated costs pertaining to the acquisition. In 2023, the average transaction price for a new dwelling in Europe was the highest in Austria, Germany, and France. Romania, Greece and Bosnia and Herzegovina had the lowest average transaction prices compared to other European countries.

This dataset provides values for HOME OWNERSHIP RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In 2024, Turkey, Iceland, Portugal, and Hungary had the highest house price to rent ratio index in Europe. The four countries ranked the highest, with house price to rent indices exceeding *** index points. The house price to rent ratio is an indicator of the affordability of owning housing over renting across European countries, with 2015 used as a base year. The higher the ratio, the more the gap between house prices and rental rates has widened since 2015 when the index amounted to 100. In terms of house price to income ratio, the top three countries were Portugal, Luxembourg, and Hungary Homeownership in Europe Homeownership varies widely across European countries. In some, such as Austria, Germany and Switzerland, homeownership is relatively low with less than ********** of people occupying a dwelling owned by a member of the household. In other countries (Iceland, the Netherlands, Norway, and Sweden) more than **** of people were owner-occupiers with a mortgage. A third group of countries with a high homeownership rate without a housing loan includes many Eastern and South European countries, among which were Serbia, Romania, North Macedonia, Italy, and Bulgaria. Dwellings as a non-financial asset Dwellings, along with structures, land, and intellectual property, are classed as non-financial assets and form an important part of household wealth. Through sale, refinancing or renting, they can serve as an additional source of income. In 2022, France, Germany, and Norway were the European countries with the highest value of dwellings per capita as a non-financial asset with values between ****** and ****** euros per capita.

United States Home Ownership Rate: Northeast data was reported at 61.500 % in Sep 2018. This records an increase from the previous number of 61.300 % for Jun 2018. United States Home Ownership Rate: Northeast data is updated quarterly, averaging 61.500 % from Mar 1964 (Median) to Sep 2018, with 219 observations. The data reached an all-time high of 65.500 % in Sep 2006 and a record low of 57.000 % in Sep 1964. United States Home Ownership Rate: Northeast data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s United States – Table US.EB008: Housing Vacancy and Home Ownership Rate.

The average transaction price of new housing in Europe was the highest in Norway, whereas existing homes were the most expensive in Austria. Since there is no central body that collects and tracks transaction activity or house prices across the whole continent or the European Union, not all countries are included. To compile the ranking, the source weighed the transaction prices of residential properties in the most important cities in each country based on data from their national offices. For example, in Germany, the cities included were Munich, Hamburg, Frankfurt, and Berlin. House prices have been soaring, with Sweden topping the ranking Considering the RHPI of houses in Europe (the price index in real terms, which measures price changes of single-family properties adjusted for the impact of inflation), however, the picture changes. Sweden, Luxembourg and Norway top this ranking, meaning residential property prices have surged the most in these countries. Real values were calculated using the so-called Personal Consumption Expenditure Deflator (PCE), This PCE uses both consumer prices as well as consumer expenditures, like medical and health care expenses paid by employers. It is meant to show how expensive housing is compared to the way of living in a country. Home ownership highest in Eastern Europe The home ownership rate in Europe varied from country to country. In 2020, roughly half of all homes in Germany were owner-occupied whereas home ownership was at nearly ** percent in Romania or around ** percent in Slovakia and Lithuania. These numbers were considerably higher than in France or Italy, where homeowners made up ** percent and ** percent of their respective populations.For more information on the topic of property in Europe, visit the following pages as a starting point for your research: real estate investments in Europe and residential real estate in Europe.

United States Home Ownership Rate: West data was reported at 60.200 % in Sep 2018. This records an increase from the previous number of 59.700 % for Jun 2018. United States Home Ownership Rate: West data is updated quarterly, averaging 59.900 % from Mar 1964 (Median) to Sep 2018, with 219 observations. The data reached an all-time high of 65.300 % in Sep 2006 and a record low of 57.200 % in Dec 1983. United States Home Ownership Rate: West data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s United States – Table US.EB008: Housing Vacancy and Home Ownership Rate.

In Europe, the ownership of care homes varies greatly from one country to the other. In 2020, the Nordic countries had the highest rates of publicly owned care homes, whereas care homes were mostly privately owned and for-profit in the United Kingdom. A significant share of care homes was privately owned in Germany and the Netherlands, although these were non-profit.

United States Home Ownership Rate: South data was reported at 65.400 % in Sep 2018. This records a decrease from the previous number of 65.900 % for Jun 2018. United States Home Ownership Rate: South data is updated quarterly, averaging 66.600 % from Mar 1964 (Median) to Sep 2018, with 219 observations. The data reached an all-time high of 71.500 % in Dec 2004 and a record low of 63.700 % in Sep 1965. United States Home Ownership Rate: South data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s United States – Table US.EB008: Housing Vacancy and Home Ownership Rate.

Approximately 66% of households in Canada own their home, compared to approximately 34% of households that rent their dwelling. The highest provincial ownership rates were in Newfoundland and Labrador (78%) and the lowest in Quebec (58%). Nunavut at 24% has the lowest ownership rates in the country as more than the half of the dwellings are public housing. Home ownership is less in the larger metropolitan areas than in rural and smaller centres. Dwelling refers only to owner-occupied private dwellings, which do not include dwellings situated on farms, but can include owner-occupied dwellings situated on rented or leased land or part of a condominium. The map shows the percentage of households in each census division that rent their dwelling.