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Despite the right to buy initiatives of the Thatcher governments, Britain still has the highest number
of 'social housing', namely council or housing association dwellings (22%). France has the second
highest provision of social housing with 18% living in social owned homes. Whilst Spain barely has a
social sector at all with only 1%.
Compared to our counterparts on the continent, the UK has the least developed rental sector with
less than 1 in 10 (9%) British homes being rented privately. This contrasts sharply with the
staggering 46% in Germany - over five times the UK level. This news is surprising given the recent
surge in popularity of buy to let mortgages in the UK.
There are marked differences between the residential property prices in the five countries and the
types of homes people can purchase. For 60,000 a homeowner could buy a semi-detached home
in the north of England, a rural home in Italy, a villa in Spain or an apartment in a French ski resort.