CLOSE X

Register - if you don't have an account

Yes! Sign me up for Global Property Guide's fortnightly email newsletter.


Login - for registered users

Forgot Password?
Explore destinations
continent map couldn't be loaded Pacific Europe & Russia North America Latin America Asia Africa Middle East Caribbean

 



Last Updated: November 24, 2008


ANALYSES OF VARIATIONS IN HOME-OWNERSHIP RATES



Do we really understand home ownership rates? An international study
Carl Gwin and Ong Seow-Eng, April 2004

Using UN data 1993-1998, this study demonstrates that in developed countries:

  • Increases in income are associated with increases in the percentage who choose to own
  • The price-to-rent ratio is an important factor in tenure choice.

However, lower income countries have relatively higher home ownership rates. This is unlikely to be due to relatively higher costs of owning in developed countries, because on the contrary, most studies show that the price-to-rent ratio is lower in developed countries. Probably it is due to greater provision of social housing in high-income societies.

A multitude of tenure forms in South East Asia
Global Tenant, April 2004

Rates of home ownership in South East Asia vary from very low (20% in Singapore) to 94% in Taiwan. Generally the wealthy prefer home ownership, but the public and rented sector tends to be large in cities where land is very limited, as in Tokyo (where rental housing accounts for over half of all modern dwellings), Singapore and Hong Kong. In China, 47% of the housing stock is owner-occupied, and Beijing continues to promote home-ownership.





About Our Data


Free Newsletter

Fortnightly updates from the global property arena directly to your inbox.


Email Address:






PROPERTY RECOMMENDATIONS

 
Download free property reports from international research houses

Our Newsletter

 
Fortnightly updates from the global property arena directly to your inbox.

Manage subscriptions