Young people under the age of 34 years would have to charge you double to be able to buy a house

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The young spaniards should have a salary 1.935,57 euros a month to be able to buy a home without allocating more than 30% of their income, exactly the double (101,41% more) the salary of employees less than 34 years. At the end of 2019, only 18.7% of the Spanish youth had emancipated.

A young man who wants to buy a house financing 80% of the sale price you should pay an entrance fee of 4.1 times their annual salary, according to data published by the Observatory of Emancipation of the Youth Council of Spain (CJE). And is that the entry under these conditions would amount to a few 47.104,8 euros.

Before the crisis of the coronavirus, one of every five young people with work was at risk of poverty and exclusion social, since they often have jobs characterized by instability and temporality.

Of the young people who finished last year with a job, a 55.4 per cent did so in temporary positions and, above all, in sectors where the coronavirus has destroyed a lot of employment, such as hospitality or tourism.

“The purchase of a home free has been impossible for a young person from more than a decade ago”, explained from the Youth Council. Even the young elderly, those between 30 and 34 years, they would have to charge a 48,23% more to be able to do in front of a house on the property.

On the International Youth Day, being celebrated today, it is valued that the option of rent would not be valid, as it would for the majority of young people up to 29 years old dedicate 90.7% of their salary . In Catalonia, the Balearic islands and Madrid, the cost of access to a free housing in rent would be limited to 100% of salary; that is to say, is, materially, impossible for the young people of these regions to emancipate themselves solo.

Faced with the impossibility of buying or renting a home free, for the young people who want independence have three main options: delay the decision for later-option majority-, to aspire to participate in the adjudication process of a protected housing -with little to offer – or look for alternatives out of the market.

The only option for young people with employment is, according to the report of the Observatory of Emancipation, share a flat. This would cost each young person an average of 287,45 (the average rent for a room), that is to say, an outlay of 29.9% of salary, when the maximum percentage of income that a person can devote to housing is a 30% to be able to face the rest of expenses.

An entire house rental would be for a young worker 44.3% of his salary, which is almost impossible. This is because the price of rental housing in Spain continues with a considerable escalation that, on average, reaches 872 euros per month by the close of 2019 . The economic effort that would cover the price of rental housing for a young person, you already have, or do not work, and alone would be equivalent to 90,7% of your net salary.

According to the president of the Youth Council, Manuel Ramos, “a lot of times the reality of young people goes under the radar of the general measures”. In this sense, he mentioned the initiatives taken during the crisis of the coronavirus and ugly, which, at times, not reaching the youth.

“you may Not eligible for a Record of the Temporal Regulation of Employment (ERTE) who is in an internship, extracurricular, or even someone who works without a contract. In a scenario, in addition, where the job search is complicated, as is the possibility of having a first job experience,” he said.

in Addition, the CJE lamented that many programs and grants for the purchase or rental of housing for young people are “de facto are inaccessible to individuals under the age of 30 years ” since “, which include requirements such as fixed-term contracts of work or a certain permanence”, something unattainable for many young people.

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