How many years does it take to buy a property with an area of 100 square meters in Spain? | Iberian Press®

In recent years, the situation regarding housing purchases for young people in Spain has become increasingly difficult. A study conducted by the platform Ener2Crowd.com shows that51 years oldin Barcelona and49 years oldIn Madrid, this is exactly how much time young people spend to become property owners. Moreover, the complexities of economic instability and the need for significant savings greatly complicate this process. The report emphasizes that young people are facing increasing difficulties on their path to homeownership, and those who manage to do so often find themselves burdened with lifelong debt obligations. However, there is hope: with sustainable investments, this timeframe can be significantly reduced.

Sustainable investments imply not only financial gain but also a positive impact on social and environmental aspects. From the moment young people start saving money, starting from18-20 years oldThey can lay the foundation for their wealth to access an increasingly isolated real estate market. Unfortunately, economic issues affect80%When it comes to young people acquiring housing. As Niccolò Sovico, CEO and co-founder of Ener2Crowd, noted, this figure raises serious concerns and highlights the need for active solutions.

One of the key reasons for this problem is the high level of youth unemployment. This creates difficulties in saving money, which is essential for purchasing real estate.

• 64%Spaniards aged from25 to 29 years oldlive with their parents, which is three times more than in France.
• The level in the Scandinavian countries is only5-6%.

Despite the fact that well-structured mortgage loans are an important factor when buying a home, high market prices make this task extremely difficult. The maximum amount that can be obtained through a mortgage does not exceed80%from the cost of real estate, which combined with additional expenses amounting to10%creates a significant problem for a young person who has just started working. David Llunch, the manager of Ener2Crowd in Spain, says that to date, less than15%young people under30 yearscan afford their own housing.

Compared to ten years ago, the number of homeowners among young people has decreased.35 years oldfell from70%to36%Additionally, the Central Bank of Spain reports that the average net worth of young people is up to35 years oldinin 2022made just43 thousand eurosten years ago this figure reached166 thousand eurosDavid Llunch points out that, in addition to difficulties in the labor market and funding conditions, the ongoing rise in housing prices is also negatively affecting all citizens, especially the youth.

A study conducted by Ener2Crowd inin April 2024It showed how long it would take for people to save enough money to buy a home. By analyzing data from the National Institute of Statistics of Spain on average annual income, taking into account rental payments, experts were able to recalculate the time needed to acquire real estate in100 square metersThe research findings revealed that:

• In Barcelona, this will require51 years old.
• In Madrid -49 years old.
• In Ibiza, there is even more -62 years old.

The balance across various autonomous communities looks as follows:

• Balearic Islands53 years old);
• Canary Islands36 years old);
• Madrid35 years old);
• ...and so on until11 yearsin Castile-La Mancha.

Sustainable investments can significantly shorten this period, especially if the capital is reinvested. As specialists from Ener2Crowd emphasize, current real estate market prices are at an all-time high, and the idea of stable income and reliable investments no longer seems so convincing. Today, the situation is unfavorable for those considering buying property as an investment, as high costs and potential risks make the process extremely risky.

In contrast, sustainable investments in the green economy turn out to be more accessible and stable. You can start with just100 euros...and the profitability of such investments reaches...10%per year. At the same time, experts guarantee the transparency of operations due to oversight fromESMAandCNMVAfter transferring funds, whether through a bank transfer or using a credit card, investors can choose from various projects that actively impact the environment, joining more than12 thousand registered userswho have already invested over25 million eurosfrom which10 millionwere invested in the last12 monthsthat allowed to avoid emissions of more25 thousand tons of CO2.