Romania has the highest homeownership rate in the world. In the most recent study conducted in 2019, nearly 96.1% of all buildings in a residential area were owned, leaving just 3.9% of the residential area open to renters.
Surprisingly, Laos has one of the highest homeownership rates in the world. In a 2015 study, researchers found that 95.9% of the residential buildings were owned by the occupant in a measured residential area, leaving only 4.1% of the facilities available to citizens renting their dwellings.
A second European country, Hungary, has some of the highest homeownership rates in the world. In 2020, researchers measured a 91.3% homeownership rate in residential areas. This statistic leaves only 8.7% of residential units to renters.
This eastern European country is home to some of the highest homeownership rates in the world. The most recent study, conducted in 2019, found that the occupants owned 90.9% of all the buildings in a designated residential area. Only 9.1% of the buildings were inhabited by people renting the property.
In 2019, scientists conducted a survey to determine the homeownership rate in this European country. The occupants owned nearly 90.3% of the residential buildings within the measured area. This statistical data means that 9.7% of the buildings were designated rentals.
In Cuba, the most recent study on homeownership was conducted in 2014. Statistics show that in the residential areas measured, 90% of the buildings were inhabited by the property owners. This statistic means that renters occupied only 10% of the properties in the residential area.
In the 2020 survey, 90% of the buildings in the studied area of Vietnam were inhabited by the owners. This data ties Vietnam with Cuba as the 7th highest homeownership country globally.
Coming in at 89.7%, Croatia has some of the highest homeownership rates in Europe. In the residential areas studied, scientists found that the property owners occupied nearly 90% of the residential buildings.
Where Does Home Ownership Stem From?
Homeownership does not always have to come from a traditional purchase or sale of a residential building. In many countries, homeownership has been defined as a newly constructed building with the builders' intent to occupy the dwelling. In most homeownership studies, the residential dwelling was inherited from other family members, allowing homeownership to stem from one generation to the next in a designated residential area.