Quite unclear on whether they’re including mortgages here. Owning your house isn’t really truly owning if the bank can take it from you if you stop paying it. Basically the bank owns the property until the mortgage is paid off.
i find this misleading, both because some countries have renter’s rights laws that mean renting is perfectly reliable, and because housing co-ops and municipal landlords exist and living in those places is i would argue better than owning a house.
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Albania has mostly villages and towns IMO, so owning a house in a village or town is most likely, hence the high number.
Won’t take long for those houses to be sold.Very curious if this counts living with your parents. Because I know for many countries you technically have a home, but it’s because you haven’t left your parents’ house even after you turned 30 (very common reality in the Mediterranean area).
Based on the few countries I know the stats of on this map, its percentage of people that own their home (vs renting)
was my first thought. Im in Ireland- many, many people in their 20s and 30s live with their folks as there’s no way in hell they can afford rent or to even think about buying
Yeah, that would be an interesting breakout. People may not be paying rent, but that doesn’t mean they own a home that someone else didn’t buy.
That’s way more than I expected, 75% of average is not so bad actually
In the EU in 2022, 69% of the population lived in a owning their home, while the remaining 31% lived in rented housing.
Another Albanian win! 🇦🇱
Wow, go Albania
What is CHE stand for? And I’m assuming that is Switzerland?
It is Switzerland. They use Confoederatio Helvetica which is why their currency is abbreviated CHF (Confoederatio Helvetica Franc) and their top level domain is .ch but I am not aware why they are called CHE on this map.
Edit: I looked it up and apparently it’s their ISO country code.
Seems kinda weird to name the country after a font, but sure you do you I guess? I wonder if they have to pay royalties?
Are you trying to make a joke?
Yes
What’s weird to me is the choice of the 3-letter code instead of the 2-letter one. (The one almost always used). Especially when “UK” is 2-letter.
Confoederatio HElvetica
It comes from the Latin word for Switzerland (or at least what was there back then).
It’s not much but it counts. Best purchase of my life.
Interesting that the post-Soviet and Eastern bloc countries have the highest percentages
I mean, housing was seen as a universal right and was provided by the government in the USSR. Lots of issues with it, but still.
The average is odd. It should be weighted by population, i.e. 67 %.
cries in swiss
Well the UK data is from 7 years ago. But still, did 65% really own their own home? I’m wondering if it’s the percentage who aren’t living in a rented property, rather than owning their own home? As the majority of people in their 20s and 30s are either renting or technically homeless and living with family or friends. And even then, many of those in the latter situation will be in a rented property. Maybe I just have a wildly skewed idea of home ownership here, I dunno
Yeh these numbers seem crazy high, I know precisely one homeowner and that was literally by inheritance from a random uncle they’d never heard of before.
I’m wondering what the average age of homeowners is
How is the 74% of spain true?
Why not? Every Spaniard I talked to about this told me home owning is super important and wide spread in Spain
It is very likely counting family members still living with their parents as owning their home.
This is also partially why the number in Germany is low, as young people are much more likely to move out and live in a rental apartment or similar.
