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.

The mortgage prevalence among homeowners in Europe varied widely across different countries in 2023. About 79 percent of the total population in Norway was a homeowner, with 60 percent paying out a mortgage loan. Conversely, only one percent of households in Romania had a mortgage, with nearly 96 percent being homeowners. Meanwhile, an average of 25 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.

Graph and download economic data for Homeownership Rates by Race and Ethnicity: Non-Hispanic White Alone in the United States (NHWAHORUSQ156N) from Q1 1994 to Q4 2024 about homeownership, white, non-hispanic, rate, and USA.

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.

Finances are an important part of life. When looking at the real estate owners in selected countries worldwide, Norway and Vietnam lead the ranking. 40 percent of consumers from Norway as well as 38 percent from Vietnam are part of this category. Statista Consumer Insights offer you all results of our exclusive Statista surveys, based on more than 2,000,000 interviews.

The homeownership rate in the United States amounted to nearly 66 percent in the third quarter of 2024. While there are many factors that affect people’s decision to buy a house, the recent decrease can be attributed to the higher mortgage interest rates, which make taking out a mortgage less affordable for potential buyers, especially considering the surge in house prices in recent years. Which factors affect homeownership? Age and ethnicity have a strong correlation with homeownership. Baby boomers, for example, are twice as likely to own their home than Millennials. Also, the homeownership rate among white Americans is substantially higher than among any other ethnicity. How does the U.S. homeownership rate compare with other countries? Having a home is an integral part of the “American Dream”. Compared with selected European countries, the U.S. ranks alongside the United Kingdom, Cyprus, and Ireland. Many countries in Europe, however, exceed 80 percent homeownership rate.

Graph and download economic data for Homeownership Rate for the United States (USHOWN) from 1984 to 2024 about homeownership, housing, rate, and USA.

Graph and download economic data for Consumer Unit Characteristics: Percent Homeowner with Mortgage by Age: from Age 35 to 44 (CXU980230LB0404M) from 1984 to 2023 about consumer unit, age, homeownership, mortgage, percent, and USA.

Graph and download economic data for Homeownership Rates by Race and Ethnicity: All Other Races: Total in the United States (AORHORUSQ156N) from Q1 1994 to Q4 2024 about homeownership, rate, and USA.

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.

This statistic presents the home ownership rate among the population of all 28 European Union countries between 2010 and 2018. During that timeframe, the home ownership rate remained relatively stable, oscillating around approximately 69 percent of the total of the population.

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.

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 160 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 two thirds of people occupying a dwelling owned by a member of the household. In other countries (Iceland, the Netherlands, Norway, and Sweden) more than half 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 83,000 and 91,000 euros per capita.

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.

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.

Home Ownership Rate in the United Kingdom decreased to 64.50 percent in 2023 from 64.70 percent in 2022. This dataset provides the latest reported value for - United Kingdom Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This statistic shows the percentages of different Hispanic population groups in the United States who owned their own home as of 2010. At this time, 57 percent of people of Cuban origin owned their own homes.

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.