5 Countries with the Lowest Home Ownership Rates

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1. Nigeria

Home Ownership Rate: 25%

Nigeria ranks at the top of the countries with the lowest home ownership rates. The Nigerian housing sector has been plagued by challenges including the high cost of land infrastructure and property development, corruption, and bureaucracies involved in land acquisition and titles. According to an article by Business Day, in 2019, the home ownership rate in Nigeria was recorded at 25%.

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