Citizens from the Balkans and those from Eastern Europe prefer to own and live in their own homes for a fraction of the population in Western Europe who more often settle for rented housing due to the high cost of new housing.
According to Eurostat, 85.9 percent of the inhabitants of North Macedonia live in their own homes. The record holders are Kosovo and Albania, where about 97 percent of people have their own, not rented, residences. In Romania, that percentage is 95.7, in Serbia, Montenegro and Croatia around 90, in Bulgaria 85 and in Greece 73.3 percent.
Germany (49.1%) and Switzerland (42.2%) have by far the lowest home ownership rates in Europe.