Foreign media: A global home ownership rate ranking shows that 8 out of the top 10 countries are either current or former socialist nations. Slovakia leads with 93.5%, followed by Romania at 92.8%, and Croatia at 90.4%. China ranks fourth with 90.0%, attributed to housing reforms in the 1990s.
Japan comes eighth with 84.0%, and Iceland tenth with 78.4%. In contrast, wealthy countries such as Germany (41.0%) and Switzerland (38.2%) have the lowest home ownership rates due to well-developed rental markets and strong tenant protections.
The United States (65.3%), Canada (68.6%), and Australia (62.7%) all fall below the OECD average of 70.1%, indicating that housing policies and rental market systems influence home ownership rates as significantly as national income levels.
Original source: toutiao.com/article/1870850232025088/
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