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).
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.
Based on the few countries I know the stats of on this map, its percentage of people that own their home (vs renting)
That's way more than I expected, 75% of average is not so bad actually
Wow, go Albania
It's not much but it counts. Best purchase of my life.
What is CHE stand for? And I'm assuming that is Switzerland?
It comes from the Latin word for Switzerland (or at least what was there back then).
Confoederatio HElvetica
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
The average is odd. It should be weighted by population, i.e. 67 %.
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.
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.
cries in swiss
I really wonder how they count this. Does this count children above 18 living at home? Do they magically assign ownership to people who have been in the same abode for more than 5 years or something? The majority of people I know are renting and if societies have ~30% < 35 y.o how can the rest all have homes? That doesn't seem possible.
These numbers are highly suspect to me.
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.
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
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.
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.
For the map enthused!
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