The Cold War divide is visible. In Poland, since the 1990s, apartments have been available for a fraction of their value. This concerns cooperative and municipal apartments that people received until 1989.
Intelligent_Pie_9102 on
Those top guys should subsidize my rent.
observer9894 on
I legit thought it’s worse in Poland
GrandAdmiralSnackbar on
Is there any explanation as to why home ownership in Germany is so low? Or Switzerland?
IllustriousQuail4130 on
95% of these home owners are above the age of 55 I bet
Naive-Dig-2498 on
Nobody can explain why good, if dont own your House
NCC_1701E on
Something tells me it doesn’t count people who moved away from parents but still keep their official address at their place because it’s bureaucratic nightmare to move your address to a rented place. There’s no way 94% people own homes when most people I know live in rentals.
Wonderful-Lack3846 on
Why don’t more people just buy a house.
What a bunch of dombos
MilesAhXD on
Why is it so low in Switzerland?
No_Honeydew666 on
Does this include the 40% of houses made of horse shit and no inside toilet in Romania?
Suikerspin_Ei on
I’m sure the Netherlands will be lower in the future. Just saw the news about new starts require €42.000 money of their own to buy a house. In addition, you often have to overbid a lot more to have any chance at all.
Standard_Arugula6966 on
In Czechia (and I assume most post communist countries) everyone received an apartment for basically peanuts when the regime fell. Nowadays we have some of the most unaffordable housing in the EU. So there’s a huge divide in home ownership between the older and younger generations.
SaraHHHBK on
Now do divided by age brackets
WekX on
By googling a couple of these countries I realised home ownership rate is not only calculated differently in different countries, but even differently by different JOURNALISTS to get the narrative they want. Sometimes there’s a 20+ point difference in two different sources for the same exact year.
vikentii_krapka on
There is a lot of non EU countries in this list though
Kemel90 on
this info seems far from right. at least for NL
DABSPIDGETFINNER on
German-speaking countries at the bottom makes sense. It’s pretty much the population living in cities(renting) vs the population living rurally(home owning). Everyone in big cities is renting, which is, economically, the better thing anyway. Vienna for example doesn’t allow you to buy apartments (75% of apartments are owned by the city) so the rent price stays low, that’s why rent in Vienna is cheaper than in almost all other European capitals, even including prague, wasaw, Budapest, Bucharest, zagreb etc. But the median income is still extremely high, allowing you to only pay a fraction of your income for rent.
Three_Trees on
At least for the UK this statistic reflects the proportion of households which are owner occupied.
What is more revealing is that the proportion of UK adults who are homeowners just dipped below 50 percent for the first time in decades and is falling steadily.
The rise and normalisation of HMOs in my country has been pernicious and gone practically under the radar in terms of media interest because it doesn’t affect people at the top of society.
The only way they’re keeping this Ponzi scheme of an economy going is cheap labour crammed into awful quality rental properties and forcing young people and immigrants into worse and worse living and employment conditions.
When the boomers begin to die off en masse and their housing wealth is snapped up by the corporate sector (mainly social care) home ownership will really begin to tail off and then you might see politicians getting interested finally, because the private renters voting block will be going up and up.
I can’t speak for the situation elsewhere in Europe but I think the UK is at the sharp end of this phenomenon of collapsing home ownership among the young.
Moosplauze on
I am pretty sure the numbers for Germany are wrong, there is no way that almost half the people own the places they live in. Most people live in apartments in cities and those are most often owned by large companies and the states/cities. I can’t speak for other nations, but this list seems extremely off.
Edit: I actually looked it up, for Germany it has been 42% in 2022. So it is quite close, I’m surprised. Still, some nations…96%?
No_Honeydew666 on
Swiss bros, I’ll give you a random land in some shit village in Romania and you give me your rental , deal?
ChrisCrossX on
Funny how former communist countries all have high home ownership rates. Makes you think…
bemml1 on
This statistic is blatant bullshit…
NogViezereFreddy on
Bulgaria : press ‘X’ for doubt.
KarlWhale on
I could believe the 89% in Lithuania. Renting an apartment is really seen as a 20s thing and most take out a loan to buy apartment around 30.
But at the same time, because of COVID and Russia’s war in Ukraine, I feel like we’re in a tipping point. A lot of apartments have significantly increased in price in the capital but not a lot of people are selling (probably because there’s not much you can buy since everything increased in price).
pluckyvirus on
Percentage of what? Is no one gonna answer that?
La-Dolce-Velveeta on
Poland is high because, until recently, it was cheaper to have a 30-year mortgage than to rent a flat. Right now, you can’t buy an apartment even with a decent salary.
Thank you, government, for dropping the ball in the social housing department.
ZoleeHU on
As others pointed out, these rates are more than likely bullshit. I can vouch that even in Hungary this is WILDLY inaccurate.
enilix on
Definitely one of the better things about living in Croatia – you know nobody’s kicking you out.
RedditVirumCurialem on
The figures for Sweden seem to include bostadsrätt (co-op) which isn’t technically ownership, but whatevs..
34 Comments
Cool now do under 40
The Cold War divide is visible. In Poland, since the 1990s, apartments have been available for a fraction of their value. This concerns cooperative and municipal apartments that people received until 1989.
Those top guys should subsidize my rent.
I legit thought it’s worse in Poland
Is there any explanation as to why home ownership in Germany is so low? Or Switzerland?
95% of these home owners are above the age of 55 I bet
Nobody can explain why good, if dont own your House
Something tells me it doesn’t count people who moved away from parents but still keep their official address at their place because it’s bureaucratic nightmare to move your address to a rented place. There’s no way 94% people own homes when most people I know live in rentals.
Why don’t more people just buy a house.
What a bunch of dombos
Why is it so low in Switzerland?
Does this include the 40% of houses made of horse shit and no inside toilet in Romania?
I’m sure the Netherlands will be lower in the future. Just saw the news about new starts require €42.000 money of their own to buy a house. In addition, you often have to overbid a lot more to have any chance at all.
In Czechia (and I assume most post communist countries) everyone received an apartment for basically peanuts when the regime fell. Nowadays we have some of the most unaffordable housing in the EU. So there’s a huge divide in home ownership between the older and younger generations.
Now do divided by age brackets
By googling a couple of these countries I realised home ownership rate is not only calculated differently in different countries, but even differently by different JOURNALISTS to get the narrative they want. Sometimes there’s a 20+ point difference in two different sources for the same exact year.
There is a lot of non EU countries in this list though
this info seems far from right. at least for NL
German-speaking countries at the bottom makes sense. It’s pretty much the population living in cities(renting) vs the population living rurally(home owning). Everyone in big cities is renting, which is, economically, the better thing anyway. Vienna for example doesn’t allow you to buy apartments (75% of apartments are owned by the city) so the rent price stays low, that’s why rent in Vienna is cheaper than in almost all other European capitals, even including prague, wasaw, Budapest, Bucharest, zagreb etc. But the median income is still extremely high, allowing you to only pay a fraction of your income for rent.
At least for the UK this statistic reflects the proportion of households which are owner occupied.
What is more revealing is that the proportion of UK adults who are homeowners just dipped below 50 percent for the first time in decades and is falling steadily.
The rise and normalisation of HMOs in my country has been pernicious and gone practically under the radar in terms of media interest because it doesn’t affect people at the top of society.
The only way they’re keeping this Ponzi scheme of an economy going is cheap labour crammed into awful quality rental properties and forcing young people and immigrants into worse and worse living and employment conditions.
When the boomers begin to die off en masse and their housing wealth is snapped up by the corporate sector (mainly social care) home ownership will really begin to tail off and then you might see politicians getting interested finally, because the private renters voting block will be going up and up.
I can’t speak for the situation elsewhere in Europe but I think the UK is at the sharp end of this phenomenon of collapsing home ownership among the young.
I am pretty sure the numbers for Germany are wrong, there is no way that almost half the people own the places they live in. Most people live in apartments in cities and those are most often owned by large companies and the states/cities. I can’t speak for other nations, but this list seems extremely off.
Edit: I actually looked it up, for Germany it has been 42% in 2022. So it is quite close, I’m surprised. Still, some nations…96%?
Swiss bros, I’ll give you a random land in some shit village in Romania and you give me your rental , deal?
Funny how former communist countries all have high home ownership rates. Makes you think…
This statistic is blatant bullshit…
Bulgaria : press ‘X’ for doubt.
I could believe the 89% in Lithuania. Renting an apartment is really seen as a 20s thing and most take out a loan to buy apartment around 30.
But at the same time, because of COVID and Russia’s war in Ukraine, I feel like we’re in a tipping point. A lot of apartments have significantly increased in price in the capital but not a lot of people are selling (probably because there’s not much you can buy since everything increased in price).
Percentage of what? Is no one gonna answer that?
Poland is high because, until recently, it was cheaper to have a 30-year mortgage than to rent a flat. Right now, you can’t buy an apartment even with a decent salary.
Thank you, government, for dropping the ball in the social housing department.
As others pointed out, these rates are more than likely bullshit. I can vouch that even in Hungary this is WILDLY inaccurate.
Definitely one of the better things about living in Croatia – you know nobody’s kicking you out.
The figures for Sweden seem to include bostadsrätt (co-op) which isn’t technically ownership, but whatevs..
https://www.statistikdatabasen.scb.se/pxweb/sv/ssd/START__HE__HE0111/HushallT22/table/tableViewLayout1/
that shitty communism you see what it did to those eastern european countries?
In reality, Germany should be below 48%…
Klaus Scwabb in Davos, Switzerland once said: “You’ll own nothing, and will be happy”. Swiss follow that to a tee as expected.
With increase of life standard seems that home ownership drops accordingly