Spain | Measures to promote renting and help the emancipation of young people

Summary

Young Spaniards emancipate at the age of 30, some three years later than the European average. One of the main reasons for this delay is related to the difficulty of accessing low-cost housing in a location that meets the preferences of recent graduates.

Key points

• Key points:
• The emancipation of young people takes place mostly through renting. In 2020, almost 50% of households whose reference person was under 30 years of age lived in rented accommodation.
• Although renting seems to be the regime that could be most suitable for young people, it is currently not easy to access.
• Young people enter the labour market with higher unemployment rates, more temporary employment and low wages. Moreover, this precariousness prevents them from accumulating wealth. Added to this is the recent increase in prices, a product of economic growth, changes in the composition of the population and a lack of supply response.
• A series of reforms are needed to improve the employment situation of young people, boost the supply of rental housing and improve regulation.

Geographies

Topics

Tags