In 2024, more than two-thirds (68%) of the population living in EU households owned their home. The highest share of ownership was observed in Romania (94%), followed by Slovakia (93%) and Hungary (92%).

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nimicdoareu

4 comments

  1. Owning a home was more common in all EU countries, except for Germany, where renting predominated with 53% of the population being tenants. Germany was followed by Austria (46%) and Denmark (39%).

  2. This tells us very little about the actual conditions. The statistics focus on owner occupied housing only, so while Romania has the highest, around 43% of Romanian households are overcrowded. Rates in other countires differ, but whether that is because of better living conditions or lower birth rates is unknown.

    These stats alone don’t really tell us much. If we take the stats on overcrowded households into account as well, we can at least somewhat confidently make the assumption that the current renting market does not fulfill the needs of the population either in quantity of housing available or pricing.

    For example, Germany offers affordable renting options to low income households and young adults from overcrowded households. This could mean that while renting is more common, the conditions are also overall better than in some other countries. Though, this also might signal just how unaffordable buying a house is nowadays.

  3. Thank God for the people that think renting is better than paying off the loan for your own property. This makes me a happy landlord.

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