Like their grandparents and parents, today’s youth dream of owning their own home. Although times have changed, mobility has increased and globalization has had a significant impact on the migration process, surveys still show that most young people want to own their own home.
Nine out of ten French people under the age of 30 want to be owners rather than renters, while eight out of ten people aged 16 to 25 in Switzerland and Germany dream of the same.
In many parts of Europe, the dream of owning a home has been present since the age of 20. But the path from dream to reality is long. The Belgians are the earliest to buy a home, and the Czechs are the last in this ranking.
Romania is in a somewhat paradoxical situation. Despite having one of the oldest average home buying ages, Romania, as we well know, is the country with the highest percentage of home owners in the world.
There are explanations for this that go back to the times of communism and the first part of the transition.
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Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.