Home Ownership by Country 2023 (2024)

FAQs

Which country has the highest rate of home ownership? ›

California is the epicenter of Chinese residential investment in the U.S., with 34% of purchases in the state. Other significant hubs are New York, New Jersey, Florida and Texas. In Irvine, population 280,000, “there are 65,000 houses... and 21,000 of them are owned by Chinese.” Lu of Fidelity National says.

Today China is a country of homeowners with more than 90% of households owning homes (87% in urban and 96% in rural China) (Clark, Huang, & Yi, 2019). At the same time, more than 20% Chinese households own multiple homes, higher than many developed nations (Huang et al., 2020).

Top Home Ownership Statistics In America: 65.8% of Americans own a home as of 2022. Some 74 million Americans, or about 27%, live in a condo or HOA property. 58.4 percent of the housing units were owner-occupied.

While the U.S. homeownership rate increased to 65.5% in 2021, the rate among Black Americans lags significantly (44%), has only increased 0.4% in the last 10 years and is nearly 29 percentage points less than White Americans (72.7%), representing the largest Black-White homeownership rate gap in a decade.

The decline in homeownership halted between: 2012 and 2016 for householders with less than a high school education (19.9% to 20.8%). 2016 and 2018 for those with a high school degree (30.8% to 31.4%).

64% of Americans own real estate. 35% of the American population does not own their own homes. Homeownership rates have increased to nearly 65% in the US since the 1940s.

Germany has high transfer taxes on buying real estate, no mortgage interest tax deductions for owner-occupiers, and a social housing sector with broad eligibility requirements. All these features potentially tilt incentives towards renting.

According to Russian law, foreigners are usually allowed to purchase or rent property in Russia, but certain exceptions apply. Also, in order to be allowed to buy a property, the foreign citizen must hold a valid Russian resident permit.

Can Americans own land in China? ›

Foreign investors are not allowed to buy land in China. The land in China belongs to the state and the collectives.

So can Americans own land in Mexico? Yes they can! Land for sale in Mexico is available for purchase by Americans, Canadians, and anyone around the world considered a “foreigner.”

Chinese investors are among the top foreign purchasers of residential real estate, along with Canadians, according to the National Association of Realtors. Other states have had concerns over foreign ownership of land and have made efforts to regulate it.

Among racial demographics, White Americans had the country's highest home-ownership rate, while African Americans had the lowest home-ownership rate. One study shows that home-ownership rates appear correlated with higher school attainment.

Home Ownership Rate in Russia averaged 83.94 percent from 2000 until 2021, reaching an all time high of 92.50 percent in 2020 and a record low of 58.20 percent in 2000.

The state with the lowest rate of homeownership rate is the state of New York with 54.4%. Washington, D.C. has the lowest rate of homeownership of all U.S. states and territories. What state has the highest rate of homeownership? The state with the highest rate of homeownership is West Virginia with 73.9%.

Only about 7 million of California's roughly 40 million residents own their homes, the lowest rate of home ownership in the United States, according to a new study. The study, conducted by Ruby Home Luxury Real Estate, analyzed U.S. Census data to determine the rate of home ownership across the country.

How Many Homes in the U.S. are Second Homes? Through our analysis we found that there are at least 2.64 million second homes in the U.S. that are for seasonal, recreational, or occasional use. How many homes are there in the United States?

Homeowner vs.

In the under-35 age group, 65% of American households are rented. Meanwhile, in the 65+ age group (senior citizens), 79.3% own a home. The median age of homebuyers is 47 years old, while the median age of renters is 38 years old. A whopping 64% of millennials who own homes regret their purchase of a home.

The aging of the US population will cushion the drop in the overall homeownership rate because older households have higher homeownership rates. We project the overall homeownership rate will fall from 65 percent in 2020 to 62 percent by 2040.

What percentage of Americans rent? ›

(According to the Pew Research Center, about 36 percent of American households rented, rather than owned, their homes in 2019, the last year that reliable data was available from the Census Bureau.) Moody's first started tracking the metric in 1999, when the typical rent-to-income ratio was 22.5 percent.

Studies have shown that for the past 40 years, housing supply has not kept pace with demand, resulting in a housing shortage ranging between 2 million and 6 million homes. Yet across America, a combination of recalcitrant homeowners and outdated zoning laws routinely block attempts to build more housing.

Are we in a housing bubble right now? While a housing price correction is expected, we aren't in a housing bubble. Demand for homes remains high, and there are fewer home sellers than there were in 2022. And while the market is cooling, experts don't expect an actual housing crash or a housing bubble burst in 2023.

Not enough homes to buy

For a growing number of people, however, the dream of homeownership remains far out of reach. Inventory is near record lows and the number of sales at the more affordable end of the market is lower than last year because demand is totally outstripping supply.

Nationwide, about 27.4% of homeowners — or more than a quarter — fall into the “house poor” category, according to the data. “Overall, 21% of cost-burdened homeowners have a household income of less than $75,000,” the report states.

In fact, the average person will own at least three houses in their lifetime. Living in one place for most of your life may or may not be your goal, but if it is, there are things you must do as a homeowner to ensure your home lasts as long as you'd like it to.

A third of California homeowners own their properties free and clear. Nearly 2.4 million homeowners across the state in 2021 had no property mortgage, the third highest among the states and Washington, D.C., the Orange County Register reported.

Homeownership in Italy

Data from Eurostat shows around 75% of Italians are homeowners, compared to a European Union (EU) average of 70%. Homeownership rates in Italy have also remained fairly consistent over the last 15 years, ranging from 72% to 75%. Older residents are most likely to own their own homes.

The Federal Government acknowledges that homelessness in Germany is caused by multiple factors, "such as financial, domestic, and individual psychosocial reasons" and that it is not merely rooted in the lack of affordable accommodation According to Global Homelessness Statistics, "Around 50% of poor households spend ...

The need for housing after WW2 in Germany

This meant that rents remained cheap for a long time, and so most people were happy to stay in rented accommodation. This government-built, high-quality supply of social housing laid the foundations for Germany's preference for renting over buying.

How much is an acre of land worth in Russia? ›

But Russian land averages $400 per acre -- a mere 10 percent of the cost in France, and 20 percent of the price of land in Brazil. In the countryside, Russia's capitalist revolution is still a work in progress.

Foreign citizens have the right to buy and own any type of apartment in Ukraine. There are no restrictions on buying any property in Ukraine except agricultural land.

To buy a real estate in Ukraine, a foreigner needs to prepare some documents: passport and document that confirms legal residence in Ukraine (visa). Also you will have to show your personal tax reference number to execute an agreement of sale and purchase.

There is no residency or citizenship requirement for buying and owning property in Canada. You can occupy a Canadian residence on a temporary basis, but you will need to comply with immigration requirements if you wish to have an extended stay or become a permanent resident.

To acquire property, you must go to a Cuban bank to pay, and you are not allowed to pay less than the legal value of the house. Once you've chosen the property you want to purchase, it will be valued by the Housing Institute Office.

In Japan, unlike other countries, there are no restrictions for foreigners based on whether or not they have permanent resident status, Japanese nationality, or based on their visa type. This means that foreigners are allowed to own both land and buildings in Japan as real estate properties.

Can Foreigners Buy and Own Property in Costa Rica ? The good news is, yes! The great part about Costa Rica is that foreigners and locals have the same ownership rights when it comes to buying property. Foreigners can buy property on a tourist visa without ever needing to apply for residency or citizenship.

There are no restrictions for foreigners who want to buy properties in Italy. However, the Italian authorities have the power of making some verifications of criminal records and other aspects.

It is perfectly legal for an American to own property in Mexico. Beyond the somewhat tedious process of setting up a bank trust (fideicomiso), buying property in Mexico as an American or Canadian is fairly straightforward. Can you own beachfront property in Mexico? Yes!

Living in China as an American can be a wonderful, beautiful thing, but it isn't without its trials. The food might be a little intimidating, since norms are quite different from the US. The cultural nuances might seem endearing at first, but you might find yourself frustrated at the cultural disconnect at other times.

What foreign country owns the most US real estate? ›

Canadian investors lead this pack, by a long shot, with nearly 9.4 million acres of U.S. land — more acreage than 44 of the top 50 foreign landowners combined, according to the report. (These people own the most land in America.)

China, Canada, India, Mexico and Brazil were the top five countries of origin for foreign U.S. buyers. Chinese buyers had the highest average purchase price, at “just over $1 million,” per the report, with 31% of purchasers from China opting for properties in California.

The company can build equity.

If the company has borrowed money to purchase the house, it can build equity over time, essentially increasing the percentage of the home it owns outright and can then borrow against later on.

Investors piled into the housing market in 2021 due to rock-bottom mortgage rates and surging housing demand, and are now retreating amid projections that home prices have room to fall.

The overwhelming majority of millionaires own real estate, making it by far the most popular alternative asset class. That includes their own home, second homes, investment properties, and fractional ownership of investment properties through partners or programs like Arrived Homes and Roofstock One.

About 75 percent of the Russian population lives on the Northern European Plain. This region holds Russia's most populous cities, including Moscow and St.

About 80 percent of all Russians live EAST of the Ural Mountains. DURING World War II, the Soviet Union was engaged in political and ideological war with the West, particularly the United Sates, which brought the world to the brink of nuclear war.

In 2022, Miratorg listed as the largest agricultural holding by farmland ownership in Russia. Prodimex ranked second with about 900 thousand hectares in ownership in that year. EcoNiva APK displayed a significant growth in its farmland volume over the past years, accounting for over 630 thousand hectares in 2022.

Home Ownership Rate in the United States averaged 65.26 percent from 1965 until 2023, reaching an all time high of 69.20 percent in the second quarter of 2004 and a record low of 62.90 percent in the second quarter of 1965.

Canadian investors lead this pack, by a long shot, with nearly 9.4 million acres of U.S. land — more acreage than 44 of the top 50 foreign landowners combined, according to the report. (These people own the most land in America.)

Why does Romania have the highest home ownership? ›

Once the government began to sell these properties, people rushed to buy the homes they were living in – often at very advantageous prices. Romania's devalued currency, paired with growing inflation, made purchasing easy for these baby boomers.

Yet no-mortgage owners in California are only 33% of all homeowners – and only four places have a smaller share: D.C. at 24%, Maryland at 28% and Colorado and Utah at 30%.

Washington, D.C. has the lowest rate of homeownership of all U.S. states and territories. What state has the highest rate of homeownership? The state with the highest rate of homeownership is West Virginia with 73.9%. Washington, D.C.

1. Hawaii. Hawaii is known for its beautiful beaches, warm climate, and breathtaking scenery. However, it is also the most expensive state to buy a house, with a Zillow Home Value Index of $834,582.

The 2022 Land Report 100, compiled each year by The Land Report magazine, released its annual list of landowners who own the most acres in the United States. The nation's largest private landowners are the Emmerson family in California who own over 2.4 million acres.

Foreign buyers living in the U.S. made up the lion's share of investors, buying $34.1 billion worth of U.S. homes — or 58% of the volume.

Germany has high transfer taxes on buying real estate, no mortgage interest tax deductions for owner-occupiers, and a social housing sector with broad eligibility requirements. All these features potentially tilt incentives towards renting.

Real estate investment in Romania. The sale of apartments to foreigners in Romania isn't limited: they can freely purchase, rent out, and sell properties. The sale of land to non-EU citizens is prohibited. A land plot with a house can be bought for a legal entity if it's a Romanian company.

In the EU in 2021, 70 % of the population lived in a household owning their home, while the remaining 30 % lived in rented housing. The highest shares of ownership were observed in Romania (95 % of the population lived in a household owning their home), Slovakia (92 %, 2020 data), Hungary (92 %) and Croatia (91 %).