In the middle of a commercial war with the rates between countries such as the United States and China, which is affecting the world economy, there is a sector of the Spanish population that suffers a lot of devastation of a crisis and a system that prevents them from taking the reins of their lives without any help: young people.
According to the data of the real estate companyA century 21, 27% of the young population in Spain between 20 and 40 years old did not become independent Also, a figure that is equivalent to more than half (55%) among those under the age of 27, according to the data of the “II Young and Housing Report in Spain” prepared by the US company.
Among the main obstacles that this sector of the population finds, The high price of homes is indicated by 80% of the interviewees. In addition, this situation is aggravated in many cases due to the lack of sufficient income (65%)THE Lack of initial savings (54%) derived from the spending and price of homes and finally Work instability (53%).
These meetings leave a tremendously pessimistic opinion, because alone 15% of young people who still live at parents’ house believe they can buy a house in the next five years. These data, on the other hand, fully clash with the desires and objectives of young people in this country which, despite these difficulties, the desire for independence remains high, with 53% of young people who still live with their families who claim to have a great desire to emancipate. Among all of these, 24% admit they are not clear when you can do it.
But the most revealing fact is that 47% of this population must allocate 40% of their monthly income to pay the house, which prevents many of them from saving to invest in homes.
31% of young people live for the rent
If this study focuses on those who have managed to become independent, it is observed that 40% have opted for the purchase of a mortgage house, while 31% live as lease contracts. However, the cost of homes represents a considerable weight in the domestic economies of these young people: 47% assign between 30% and 40% of their monthly income to the payment of the house, And this percentage amounts to 58% among young people aged between 20 and 27 years.
As for future expectations, although 61% of independent young people plan to change accommodation in the future, only 9% will do so in the next year. Among those who intend to move, the main motivation is to improve their quality of life and access a wider or better house. Furthermore, 30% of emancipated young people are considering the change of cities or country looking for better opportunities and living conditions in the face of the precariousness of work and the high cost of homes.
Insufficient and late AIDS
Among the aid that exist at state and regional level 65% of young people who still live with their families consider being insufficient for youth emancipation and 29% indicate that, although they exist, they take too longor to become effective. In summary, of those who have become independent, only 30% managed to benefit from some public aid, while 35% say they do not meet the requirements to access it.
