Home Ownership Rates Across Europe Vary Dramatically
Although the size, construction, and quality of homes vary across Europe, housing affordability remains a widespread challenge throughout the region.
In this graphic, Visual Capitalist's Bruno Venditti visualizes 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.
Itโs possible to buy a two-bedroom apartment with 100mยฒ in the capital of the Balkan country, Tirana, for โฌ287,000 ($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 (%) |
---|---|
๐ฆ๐ฑ Albania | 96 |
๐ท๐ด Romania | 96 |
๐ธ๐ฐ Slovakia | 94 |
๐ท๐ธ Serbia | 92 |
๐ญ๐ท Croatia | 91 |
๐ฒ๐ช Montenegro | 91 |
๐ญ๐บ Hungary | 91 |
๐ฑ๐น Lithuania | 89 |
๐ต๐ฑ Poland | 87 |
๐ง๐ฌ Bulgaria | 86 |
๐ฒ๐ฐ North Macedonia | 86 |
๐ฑ๐ป Latvia | 83 |
๐ช๐ช Estonia | 81 |
๐ณ๐ด Norway | 79 |
๐ต๐น Portugal | 76 |
๐จ๐ฟ Czechia | 76 |
๐ช๐ธ Spain | 75 |
๐ธ๐ฎ Slovenia | 75 |
๐ฎ๐น Italy | 75 |
๐ฒ๐น Malta | 75 |
๐ง๐ช Belgium | 72 |
๐ณ๐ฑ Netherlands | 70 |
๐ฌ๐ท Greece | 70 |
๐ฎ๐ช Ireland | 69 |
๐ซ๐ฎ Finland | 69 |
๐ช๐บ European Union (27) | 69 |
๐จ๐พ Cyprus | 69 |
๐ฑ๐บ Luxembourg | 68 |
๐ฌ๐ง United Kingdom | 65 |
๐ธ๐ช Sweden | 65 |
๐ซ๐ท France | 63 |
๐ฉ๐ฐ Denmark | 60 |
๐น๐ท Turkey | 57 |
๐ฆ๐น Austria | 54 |
๐ฉ๐ช Germany | 48 |
๐จ๐ญ 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%.
To learn more about this topic, check out this graphic showing how the majority of Americans can no longer afford an average house.
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