Being homeowners has its advantages. But not always. It depends on many factors. Especially cultural ones. In fact, previous guides have shown that, depending on the culture of the various countries, there is a propensity to buy or rent. The number of new homeowners has tended to increase due to the pandemic emergency.
This is because, in many parts of the world, the price of bricks and mortar has been significantly devalued. In other cases, however, the exact opposite has happened. Moreover, there are countries where it is almost impossible to be a homeowner, especially if you are a foreigner. Because of the adverse bureaucracy and the unaffordable costs to be borne.
But have we ever wondered how many homeowners there actually are in Europe? To answer this question, we at Realigro. Today we have created a mini-column focusing on just such topics. So, if you’re curious, let’s get started!
Before we begin, we need to make a macro distinction between homeowners in rural and neighbouring areas and those in the big cities. This is because, in general, the latter have to bear much higher costs than the former. So,in the European area, it is leaseholders who prevail, but landlords emerge in greater numbers in areas with a lower burden rate. In other words, where life is cheaper, it is easier to buy a property.
In Europe, the percentage of property owners has risen from 27% to 39% in the last period. This is due, so to speak, to the pandemic emergency, which has drastically devalued many housing structures. Even in the luxury segment. In addition, another factor must be stressed. Who are the property owners? Basically, singles and young couples tend to rent. So do young people who are just starting out at work or studying. The majority of homeowners are large families. They necessarily need space and prefer to invest in a house ‘for life’.
What does the situation look like outside Europe? Again, it is not possible to make a general statement. Basically, in America people opt for home ownership. In the East, on the other hand, rented accommodation is being consolidated.
However, the future in this area is uncertain. Basically, interest in the real estate market has grown considerably. It is becoming increasingly avant-garde and technological.
The green component in the choice process is also important. In order to offer a new property on the market and increase its value, people are already trying to incorporate a green area. The pandemic has disrupted our lives but also real estate. But we at Realigro are always on the ball. After this mini-column, don’t stop. Keep following us and reading our news. Every day you will find new ones, always here. Always on our official portal! And you, are you a homeowner or do you prefer rental contracts?
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