As of 2023, Germany's home ownership rate was 47.6%, up from 46.5% in 2022. This is an increase from the 51.31% average between 2005 and 2023, and a high of 53.4% in 2011. Germany's home ownership rate is lower than other countries, and it has the largest rental real estate market in Europe. Some reasons for this include:
- High real estate transfer tax
- Owner-occupiers can't deduct mortgage interest payments from their taxes
- The existence of social housing"
"California's homeownership rate is among the lowest in the United States, with only 43.5% of adults owning their home in 2021. This is more than 15 percentage points lower than the rest of the country, and the largest gap ever recorded. The rate has been dropping, especially among younger adults: 25–35: 15% in 2021, down from 25% in 2000 35–45: Less than 40% in 2021, down 10 percentage points from 2000 25–75: 43.5% in 2021, down from almost 50% in 2000 "
AI said on Google.
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