France Info, a radio and television information channel in France, has reported the home ownership rates in Europe. Contrary to what we might think, it is not the richest countries that offer the best access to property ownership.

Romania is at the top of the list with 96% of the populating owning their home while at the same time being one of the poorest countries in the European Union. Additionally, only 1% of these home owners have gotten into debt in order to buy.

Next on the list are the countries in the south of Europe such as Spain and Malta where the percentage of home owners is 83%. They are followed by Portugal and Greece with 75% and Italy and Cyprus with 73%.

Northern countries such as Sweden, Finland, Denmark, the Netherlands, Belgium, the United Kingdom, Ireland and Luxembourg have home ownership rates of around 70%, but have a high level of debt.

In France, the home ownership rate is 58%. As for Germany, the balance is almost perfect between the numbers of home owners and tenants.

Then there is Austria and Switzerland with a rate of 40%, where income is very appealing from the outside but where the cost of living and in particular, house prices, are skyrocketing. This situation is similar to that in Luxembourg where, despite everything, tenants have found the courage and the resources to buy property, despite the significant debt.

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