Germany has the lowest levels of home-ownership in all of Europe
Only 52.5% of the German population was living in their own home in 2014, whereas the average home-ownership rate across Europe stood at 70.1%, according to figures released by the European Union’s statistics office, Eurostat.
When measured against the total number of households in the country, Germany’s home-ownership rate falls further, to below 50%.
According to Eurostat, the situation in Germany has historical roots and is strongly connected to post-World War Two reconstruction, which was only possible because it focussed almost exclusively on the construction of large apartment blocks and multi-family housing. Eurostat’s ranking also revealed that the countries with the highest home-ownership rates are the continent’s poorer countries. Romania has the highest home-ownership rate (96.1%). The EU’s richer nations all have lower rates.
Eurostat also investigated the affordability of housing. Some 11.4% of the population of the EU spend more than 40% of their disposable household income on housing. Anything above 40% is classed by Eurostat as a “housing cost overburden.” 40.7% of Greeks are overburdened by their housing costs, followed by the Germans (15.9%) and the Danes (15.6%). In contrast, housing costs are especially affordable in France (only 5.1% are overburdened), Cyprus (4.0%) and Malta (1.6%).