5 Countries with the Lowest Home Ownership Rates

In this article, we will take a look at the 5 countries with the lowest home ownership rates. If you wish to see our detailed analysis, you can go to 25 Countries with the Lowest Home Ownership Rates.

5. Austria

Home Ownership Rate: 51.4%

The home ownership rate in Austria dropped from 54.2% in 2021 to 51.4% in 2022. Hence, Austria ranks among the 25 countries with the lowest home ownership rates.

4. Germany

Home Ownership Rate: 47.8%

Germany had a home ownership rate of 47.8% in 2023 which ranks it on our list of countries with the lowest home ownership rates. This rate climbed from 46.5% in 2022.

3. Switzerland

Home Ownership Rate: 42.3%         

Switzerland has one of the lowest home ownership rates. The country’s home ownership rate increased from 42.2% in 2021 to 42.3% in 2022.

2. United Arab Emirates

Home Ownership Rate: 26%

The most recent home ownership rate was reported to be 26% among millennials according to an HSBC survey we discussed before.

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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