Romania is first in the European Union (EU) when it comes to the number of homeowners, according to Romania-Insider.com.
Over 96% of Romanians own the homes in which they live according to Eurostat statistics. Only 4% of the population (compared to 30% EU average) is living in rented houses.
In each EU Member State there are more homeowners than tenants, with Sweden ranking last, with a share of homeowners of 65%.
In Romania, the very high share of homeowners is determined by the high share of the rural population living (45%) and the fact that Romanians could buy the homes they lived in at very low prices after the fall of the communist regime in 1989.
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