If you look at the average assets per capita in the eurozone and beyond in Europe, you quickly realize the immense gap with the Americans. But there are also some surprising figures, such as the fact that the assets held by Germany, which is actually the largest economy in the eurozone, differ dramatically from those of southern Europe.
One theory that could help explain this is that the number of tenants in Germany is much higher than in other European countries. The others have therefore benefited above all in the last 10 years from the asset bubbles inflated by the ECB. If the real estate illusion bursts, the illusory wealth of southern Europeans in particular is likely to collapse like a lump of yeast. https://m.stacker.news/28637
Look at Iceland. Why is their value so high? This seems to be an equal kind of spread. More wealth in more wealthy countries.
Is real estate super expensive in Iceland? You don't hear much about what's going on there.
Land shouldn't be too expensive. The country is huge for just 300k people
My sense that most of it isn't very habitable for geological / logistical reasons, sort of like the interior of Australia, but I'm talking out my ass.
Im betting that 98% of their wealth just stays on the island. So it will only continue to grow.
I have no idea. I just know they have beautiful green grass.
Luxembourg, Europe's 7th smallest country with a population of less than 1 million, owns 4.69% of US national debt. They rank 4th highest after Japan (14.37%), China (9.94%), and the UK (9.39%).
Go figure that one out.
Is it because of the wealth funds as it is a tax haven?
Seriously, go figure that one out.
I just found out yesterday. I have no idea why.
I will have a look. But I think it's because of that. L. has been Europe's 2nd Switzerland in the past
fewer words have never been spoken
There isn't a lot of space for people in Europe.
These values are shockingly low for every country considered
That's what I was thinking, this wealth mostly comes from the real estate market, because I don't think the average European has that wealth in assets, especially in the south.