Is a high home ownership rate a sign of a successful country?– Marginal Revolution

Is a high home ownership rate a sign of a successful country?

by  on June 16, 2012

I saw an El Pais spread on this, which I cannot find on-line.  Here are the European countries with the highest owner occupancy rates:

1. Romania, 97.5%

2. Lithuania, 93.1%

3. Croatia, 90.1%

4. Slovakia, 90.0%

How about the lowest rates?

1. Switzerland, 44.3%

2. Germany, 53.2%

3. Austria, 57.4%

Get the picture?

This is a list of countries by home ownership rate, the ratio of owner-occupied units to total residential units in a specified area.[1]

Rank Country Home ownership
rate(%)
Date of
Information
1  Bulgaria 97 2011[2][3]
2  Hungary 91.9 2001[4]
3  Singapore 87 2010[5]
4  Palestine 84 2000[6]
5  Ireland 83 2002
6  Slovenia 82 2002
7  Italy 78 2011
7  Spain 78 2001[7]
8  Norway 77 2002
9  Brazil 74 2008[8]
10  Belgium 71 2002
10  Israel 71 2002
11  United Kingdom 69 2002
11  Australia 69 2002
12  United States 68 2002
13  Canada 67 2002
13  Finland 67 2000
14  New Zealand 65 2004[9]
15  Portugal 64 2002
16  Japan 60 2000
17  Sweden 60 2000
18  Austria 56 2002
19  France 55 2000
20  Denmark 51 2000
21  Netherlands 49 2000
22  Germany 42 2002
Do you think it between 75% and 65%?
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1 Comment

Filed under Economy

One response to “Is a high home ownership rate a sign of a successful country?– Marginal Revolution

  1. Pingback: The twin lost decades in housing and stocks — DoctorHousingBubble | Wood on Fire – Topics of Lumber Industry

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