In the presented European countries, the homeownership rate extended from 42 percent in Switzerland to as much as 96 percent in Serbia. More developed European countries, such as France or Germany, tended to have a lower homeownership rate compared to the frontier countries, such as Lithuania or Slovakia. The share of house owners among the population of all 28 European countries has remained relatively stable over the past few years.
Average cost of housing
Across Europe, the average transaction price varies from country to country. The average transaction price per square meter for a new dwelling was more than three times higher in the United Kingdom (UK) compared to the likes of Poland and Hungary.
With population numbers rising across Europe, the need for affordable housing continues. Across Europe, countries have built in some cases hundreds of thousands of homes annually to meet the growing demands.