According to these figures, in the UK only 63% of residents live in a home they own, this figure is down by almost 1%. To get on the property ladder is becoming harder with deposits more difficult to save up as the cost of living increases, this is only going to affect the sell house fast property market in the UK.
The highest rate of home ownership is in fact, lead the way by four Eastern European countries, leading the way is Romania followed by Croatia, Lithuania and Slovakia, properties in these up and coming EU countries are flying off the shelves with their sell house fast property market very buoyant at the moment.
If you are looking for a quick house sale in Germany don’t hold your breath with their rental culture the property market is very slow. Germany has the lowest rate of home ownership in the EU with barely half of the population owning a home.
The UKs shadow housing secretary John Healey said: “Home ownership for young people is in freefall- in many parts of the country there’s now a crisis.”
Purchasing a property is a very costly process, but once you get past the initial deposit and the fees it is a much more economical option on a monthly basis, in the current property market a quick house sale is a viable option if it doesn’t work out owning your own home.