The country in the world with the smallest percentage of homeowners is Hong Kong, where just 22.1% of the 7.4 million population have their own property.

Hong Kong has long been considered one of the most expensive cities in the world and is regularly rated as one of the priciest places to live. It has a huge population in relation to its size, making the property market a challenge even for the wealthy.

A skilled service worker needs more than double the average annual income if they want to buy a 650-square-foot flat, according to the UBS Global Real Estate Bubble Index 2023. House prices are starting to come down, according to this year’s report by UBS, but it will be a long time before that adjustment makes a difference to the number of people who can afford to buy.

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Countries with the fewest homeowners: where does the US rank?