Published on 10 May 2024 on Insider Monkey via Yahoo Finance

25 Countries with the Lowest Home Ownership Rates

In this article, we will be covering the 25 countries with the lowest home ownership rates. If you wish to skip our detailed analysis, you can move directly to the 5 Countries with the Lowest Home Ownership Rates.

Home Ownership Across Borders: An Overview

As reported by the World Economic Forum, the ratio of home ownership to renting differs across geographical locations. Switzerland and Germany are rental societies with nearly two-thirds of their populations not owning homes in 2021. On the other hand, property ownership is deemed a norm in countries such as China and Russia. China has been reported to be a mass public rental society in the second half of the 20th century. The country’s transition to an ultra-ownership society was backed up by privatizing existing public housing and encouraging private home ownership. Thus, Chinese home ownership statistics rose to 85% in 2010 and surpassed 90% in 2017. To have a better idea of the prevailing Chinese real estate situation, you can view our previous discussion regarding China's real estate bubble and 9 other predictions that turned out to be wrong.