Abstract
This paper focuses on a comparative analysis of changes in home ownership in Japan and Britain. Home ownership systems commonly face a more volatile and uncertain economy, socio-demographic fragmentation of home owners as well as the downward pressure on public subsidies for house acquisitions. However, these broader changes are mediated by the socio-economic and cultural contexts and institutional frameworks within particular countries. The paper demonstrates that Japan and Britain share the rapidly globalizing economy as a common background while their home ownership systems are increasingly differentiated.