Young Spaniards can no longer buy or rent housing (El País, 24 Nov 2018)
Young Spaniards can no longer buy or rent housing
Original headline in Spanish: Los jóvenes españoles ya no pueden ni comprar ni alquilar vivienda
By Sandra López. Published in El País on 24 November 2018
Summary from Google Translate:
Young Spaniards are losing the battle for housing. Leaving the parental home with a single source of income is unlikely below 30 years. Only 19.3% had achieved it at the end of 2017 (in 2008 they were 26%), according to the latest data from the Emancipation Observatory of the Youth Council of Spain (CJE). Eurostat confirms this: the average age at which the family home is abandoned (29.3 years) is the sixth highest in Europe.
This is so because the percentage of income that those under 30 years must allocate to access a home exceeds the recommended 30%. In the case of solo employees it is bleeding: the rent eats 88.8% of their income and the purchase 61%.
Keywords: emancipation, leaving the parental home, rental markets, property markets, overburden, young people, Spain
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