Jump to Main ContentJump to Primary Navigation

This is how Britain ranks against the rest of Europe in terms of home ownership


We all know how tough it is to get a foot on the property ladder in the UK, and now new data highlights exactly how we stack up behind our European neighbours.

The figures published by Eurostat, the EU statistics agency, reveal we have the fourth lowest number of home owners of all 28 EU nations.

Only Germany, Austria and Denmark fall below us. Known for its renting culture, Germany has 51.9% ownership rates compared to 62.7% in the UK.

Romania tops the list at a rate of 96.4%, while Croatia, Lithuania and Slovakia are all close to the 90% mark - figures that are unimaginable with the UK's soaring house prices.

Read more: These are Europe’s five best countries ranked by quality of living

The UK figure is almost 1% down on last year, when 64.4% of the nation lived in a home owned by themselves or family. It's the first decline on ownership in a decade, with the youngest generation worst effected.

The number of 25 to 34-year-olds who own their home plummeted from two million in 2001 to just 1.3 million in a decade, earning Millennials their 'Generation Rent' nickname.

housing market

John Healey, the shadow housing secretary, says: "We pride ourselves as a home-owning country but these figures show the UK’s disastrous slide down the international league table since the Tories came to power."

“Home ownership for young people is in freefall - in many parts of the country there's now a crisis.”

However, the buyers' market could be set to see a change of fortune. New research by Zoopla suggests that buying is now cheaper than renting in 60% of the country's 50 biggest towns and cities, with Glasgow and Birmingham leading the charge. 

Read more: How the housing market is delaying our journey to adulthood

Lawrence Hall, of Zoopla, says: “Whereas back in April it was cheaper to service a monthly mortgage than pay a rental fee in just under half of Britain’s biggest cities, buyers are now offered better value in nearly two thirds of these locations."

However, renting prices still trump mortgage repayments in London and the South, with rent on average a staggering 44% cheaper.

But if you can scrape together that elusive deposit for a property further North then this change in the property tide could be great news.



The most generous countries in the world have been revealed

pumpkin table piece autumn.jpg

Autumn interiors: centrepieces and decor ideas for the cosiest season

long haul flight travel tips.jpg

Ryanair are having a £2 seat sale to over 170 holiday destinations


20 soothing, beautiful songs guaranteed to help you fall asleep

An expert picks the ultimate classical music playlist

by Sarah Biddlecombe
20 Oct 2017

Puppy dog eyes are a thing and your dog makes them just for you

A study says dogs change their facial expressions when humans are looking

by Amy Swales
20 Oct 2017

Here’s how to buy a house or a flat for the princely sum of £1

It's time to enter the real-estate raffle

by Megan Murray
20 Oct 2017

Oxford University under fire for shocking lack of racial diversity

One MP called the revelations an example of “social apartheid”

by Moya Crockett
20 Oct 2017

This prosecco festival is the best way to start feeling Christmassy

Bubbles, bubbles everywhere

by Susan Devaney
20 Oct 2017

Missing your 16-25 railcard? We have good news for you

Rail bosses have taken pity on cash-strapped millennials

20 Oct 2017

This man’s response to his friend’s period while hiking is everything

“I had NOTHING on me and I was wearing shorts”

by Susan Devaney
20 Oct 2017

Why anxiety makes it harder to follow your intuition

It can have a paralysing effect on decision-making

by Anna Brech
19 Oct 2017

“Why all men must work to stamp out sexual harassment and abuse”

In wake of the Weinstein allegations, one writer argues why men need to be counted

19 Oct 2017

Rage, lust, power and warmth: how it feels to experience ‘red emotions

“I grew up being told my body was terrifying and my voice was unimportant”

by The Stylist web team
19 Oct 2017