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Home ownership makes people happy: study

Xinhua, May 4, 2015 Adjust font size:

Home ownership contributes to people's happiness, said a study by the University of Hohenheim on Monday.

For this study, researchers at the University of Hohenheim interviewed 2,788 people in German state of Baden-Wuerttemberg and 1,442 people in the rest of Germany on the topic of home ownership and happiness.

As the results showed, nearly two-thirds of home owners in Germany indicate that home ownership make them happier.

"And even with their living environment, home owners are significantly more satisfied than tenants," said Prof. Dr. Frank Brettschneider, the leader of the study.

The study also showed that 36 percent of renters think they would be happier if they own a home.

Scientists have identified a total of seven lucky dimensions, one of which is the field of housing.

"Basic needs such as health and financial security, partnership or professional are indeed expected to be even more important than the residential situation," explained Brettschneider, "but it is also of enormous importance for the happiness feeling."

However, damage to the house dims the happiness, and the greatest happiness damper for the most respondents is their children's moving out, said the study. Endit