by In Romania, 96.1% of the population owns the home they live in. In Switzerland the percentage is 37.4%. © Dirima | Dreamstime.com Home ownership rates vary significantly across the country. The lowest rates are found in the canton of Basel-City (16.0%) and Geneva (18.3%). Relative to these two cities, home ownership abounds in Valais (57.2%), the highest. Vaud (31.4%), Zurich (28.5%), Bern (39.9%), and Luzern (34.8%) are all in between. In addition, there is a correlation between age and ownership. 47.5% of those 65 and older own, while only 26.1% of those between 25 and 65 do. Rising prices probably explain some of this difference. While Swiss home ownership lags behind much of the world it increased from 31.3%, in 1990, to 37.4% in 2014, a 19.5% rise. The biggest gainers were Basel (+45.5%), Zurich (+36.4%), and Geneva (+32.6%). Only one canton, Obwalden (-9.0%), saw a decline. In nations like the UK, where buying a home is considered a cultural rite of passage, ownership rates have gone in the opposite direction. After peaking in April 2003, at 71%, UK home ownership slumped to 64% in February 2016, according to the Resolution Foundation. Outer London (-13.5%) and Greater Manchester (-14.5%), declined the most. The US shows a similar trend. After peaking at 69% in 2004, the rate was 64.5% by 2014.
Topics:
Investec considers the following as important: Home owners Switzerland, Home ownership rates Basel, Home ownership rates Bern, Home ownership rates Geneva, Home ownership rates Switzerland, Home ownership rates Vaud, Home ownership rates Zurich, Home ownership Switzerland, Property, Swiss facts
This could be interesting, too:
Investec writes Federal parliament approves abolition of imputed rent
Investec writes Abolition of imputed rent gets bogged down in complexity
Investec writes Swiss homeowners shun heat pumps in favour of gas and oil heating
Investec writes Swiss to vote on tenancy laws this weekend
In Romania, 96.1% of the population owns the home they live in. In Switzerland the percentage is 37.4%.
© Dirima | Dreamstime.com
Home ownership rates vary significantly across the country. The lowest rates are found in the canton of Basel-City (16.0%) and Geneva (18.3%). Relative to these two cities, home ownership abounds in Valais (57.2%), the highest. Vaud (31.4%), Zurich (28.5%), Bern (39.9%), and Luzern (34.8%) are all in between.
In addition, there is a correlation between age and ownership. 47.5% of those 65 and older own, while only 26.1% of those between 25 and 65 do. Rising prices probably explain some of this difference.
While Swiss home ownership lags behind much of the world it increased from 31.3%, in 1990, to 37.4% in 2014, a 19.5% rise. The biggest gainers were Basel (+45.5%), Zurich (+36.4%), and Geneva (+32.6%). Only one canton, Obwalden (-9.0%), saw a decline.
In nations like the UK, where buying a home is considered a cultural rite of passage, ownership rates have gone in the opposite direction. After peaking in April 2003, at 71%, UK home ownership slumped to 64% in February 2016, according to the Resolution Foundation. Outer London (-13.5%) and Greater Manchester (-14.5%), declined the most.
The US shows a similar trend. After peaking at 69% in 2004, the rate was 64.5% by 2014. And like Switzerland, home ownership in America’s principal cities is much lower than the average – it was 49.9% in 2014. Unlike Switzerland however, the ownership level in key US cities has stayed flat at 49%, showing few signs of growth.
More on this:
Swiss home ownership rates (in French) – Take a 5 minute French test now
European home ownership rates (in English)
UK home ownership rates (in English)
US home ownership rates (in English)