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Home Ownership Rates Across Europe Vary Dramatically

Tyler Durden's Photo
by Tyler Durden
Thursday, Oct 10, 2024 - 08:15 AM

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.

Itโ€™s possible to buy a two-bedroom apartment with 100mยฒ in the capital of the Balkan country, Tirana, for โ‚ฌ287,000 ($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).

CountryHomeownership Rate (%)
๐Ÿ‡ฆ๐Ÿ‡ฑ Albania96
๐Ÿ‡ท๐Ÿ‡ด Romania96
๐Ÿ‡ธ๐Ÿ‡ฐ Slovakia94
๐Ÿ‡ท๐Ÿ‡ธ Serbia92
๐Ÿ‡ญ๐Ÿ‡ท Croatia91
๐Ÿ‡ฒ๐Ÿ‡ช Montenegro91
๐Ÿ‡ญ๐Ÿ‡บ Hungary91
๐Ÿ‡ฑ๐Ÿ‡น Lithuania89
๐Ÿ‡ต๐Ÿ‡ฑ Poland87
๐Ÿ‡ง๐Ÿ‡ฌ Bulgaria86
๐Ÿ‡ฒ๐Ÿ‡ฐ North Macedonia86
๐Ÿ‡ฑ๐Ÿ‡ป Latvia83
๐Ÿ‡ช๐Ÿ‡ช Estonia81
๐Ÿ‡ณ๐Ÿ‡ด Norway79
๐Ÿ‡ต๐Ÿ‡น Portugal76
๐Ÿ‡จ๐Ÿ‡ฟ Czechia76
๐Ÿ‡ช๐Ÿ‡ธ Spain75
๐Ÿ‡ธ๐Ÿ‡ฎ Slovenia75
๐Ÿ‡ฎ๐Ÿ‡น Italy75
๐Ÿ‡ฒ๐Ÿ‡น Malta75
๐Ÿ‡ง๐Ÿ‡ช Belgium72
๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands70
๐Ÿ‡ฌ๐Ÿ‡ท Greece70
๐Ÿ‡ฎ๐Ÿ‡ช Ireland69
๐Ÿ‡ซ๐Ÿ‡ฎ Finland69
๐Ÿ‡ช๐Ÿ‡บ European Union (27)69
๐Ÿ‡จ๐Ÿ‡พ Cyprus69
๐Ÿ‡ฑ๐Ÿ‡บ Luxembourg68
๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom65
๐Ÿ‡ธ๐Ÿ‡ช Sweden65
๐Ÿ‡ซ๐Ÿ‡ท France63
๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark60
๐Ÿ‡น๐Ÿ‡ท Turkey57
๐Ÿ‡ฆ๐Ÿ‡น Austria54
๐Ÿ‡ฉ๐Ÿ‡ช Germany48
๐Ÿ‡จ๐Ÿ‡ญ Switzerland42

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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