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Global Homeownership Rates Revealed: Turkey Ranks 36th
🇹🇷 Turkey /Economy & Trade

Global Homeownership Rates Revealed: Turkey Ranks 36th

From Cumhuriyet · () Turkish

Translated from Turkish, summarized and contextualized by DistantNews.

At a glance

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  • Global homeownership rates reveal significant disparities, with former Eastern Bloc countries dominating the top rankings.
  • Slovakia leads with a 93.5% homeownership rate, followed by Romania and Croatia.
  • Turkey ranks 36th with a 55.7% homeownership rate, indicating a substantial portion of its population rents or lives in other housing arrangements.

Global homeownership rates show a stark divide between nations, making it nearly impossible to find renters in the top-ranking countries. A recent analysis of data from the Organisation for Economic Co-operation and Development (OECD) highlights the countries with the highest percentage of citizens owning their homes.

Slovakia leads the global table with an impressive 93.5% homeownership rate. It is closely followed by Romania at 92.8% and Croatia at 90.4%. The top 10 list also includes China, Lithuania, Poland, Japan, Latvia, Iceland, and Italy, underscoring a trend among many former Eastern Bloc nations.

In contrast, Turkey's homeownership rate stands at 55.7%. This places Turkey, alongside Denmark, in the middle of the rankings. The data indicates that 44.3% of Turkey's population either rents or lives in different housing situations, reflecting a diverse housing landscape within the country.

DistantNews Editorial

Originally published by Cumhuriyet in Turkish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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