Property Abroad
Blog
A generation that is unable to afford rent for an apartment.

A generation that is unable to afford rent for an apartment.

A generation that is unable to afford rent for an apartment.

Young people, today's highest-educated generation, face serious challenges in finding housing. Only 16% of 18 to 29 year olds have enough resources to leave their parents' home. That compares to 41.4% in 2005. Young people simply can't afford to live alone. According to the latest Emancipation Report published by the Spanish Youth Council, based on 2023 data, the average young person must allocate 93.9% of their salary to rent if they want to live on their own. This forces many to live with their parents or find roommates to rent together.

Rental prices for apartments have skyrocketed. The average rental cost in Spain is 12.1 euros per square meter, which represents a 10.1% increase compared to last year.

Recommended real estate
Buy in Spain for 288000€

Sale flat in Alicante with sea view 310 994 $

2 Bedrooms

2 Bathrooms

98 м²

Buy in Spain for 346000€

Sale flat in Alicante with city view 373 625 $

2 Bedrooms

2 Bathrooms

105 м²

Buy in Spain for 120000€

Sale flat in Costa Blanca 129 581 $

1 Bedroom

1 Bathroom

61 м²

Buy in Spain for 33000€

Sale house in Langreo 35 634 $

1 Bedroom

1 Bathroom

40 м²

Buy in Spain for 307000€

Sale cottage in Alicante with park view 331 511 $

3 Bedrooms

2 Bathrooms

110 м²

Buy in Spain for 715000€

Sale villa in Benidorm with park view 772 087 $

3 Bedrooms

3 Bathrooms

261 м²

Catalonia is the most expensive region for renting housing, especially in Barcelona. Prices per square meter here have reached 20.5 euros. The problem is not only with the prices but also with the lack of rental housing. Many landlords are afraid to rent out their apartments, fearing issues with tenants.

The province of Catalonia will be the first to start regulating rental prices, beginning with the areas where the situation is most tense. This has sparked controversy, but it is also driven by the need to find a balance between the interests of property owners and tenants. All parties are interested in resolving the issue, but the approach to it may differ.

Comment