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Growth lobby in Australia and its Absence in France

Eastern Europe's home ownership leads the world; France is catching up; Australia far behind

A growing number of French people own their own homes. Ownership runs at 64% today, and is expected to grow to 68% in the next six years. France is well behind other European countries though in home ownership. The champions are in Eastern Europe. 96% of people own their own homes in Romania. 70% own their own homes in Italy. Seven out of ten French home owners have entirely paid off their home loan. For people purchasing today, the average time to pay off a home is 17 years. This is a situation to dream of for Australian home-buyers, who are only second to Hong Kong's in suffering under a terrible system. The French system discourages land-speculation in a number of ways which therefore deter the flourishing of a malignant property and growth lobby there. This article is based on a France2 news item "L'achat immobilier, une valeur sure plébiscitée par les Français," 29 January 2016.

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