He saving It is one of the traditional walls that people encounter. youths for access to housing. In the case of buying and selling, you need to have approximately an amount equivalent to a 30% of the value of the property to buy it – 20% for the entrance and the rest for expenses associated with it. A study by Idealista estimates that this saving amounts, on average, to 43,000 euros.
This high amount is what forces many young people to opt for the rent as an alternative to emancipation. But even this option is not without difficulties for many of them. According to an analysis of Fotocasa, 48% of young people between 18 and 24 years old have had to request help to face the initial rental costs such as, for example, bail bonds. A percentage that is significantly higher than the average (30%).
The most common thing among these young people is to borrow money from family, friends or acquaintances (34%) and then resort to the financing through banking entities (12%).
In global terms, of that 30% with a lack of resources, 19% borrowed from a family member, friend or acquaintance, 7% requested financing from a banking entity and 4% requested it from another non-banking entity.
Danger to social well-being
“That a significant percentage of tenants show difficulties in meeting the initial costs of entering the rental home indicates a lack of economic accessibility that is forcing the applicants to go into debt or depend on family help to cover basic housing costs,” he explains. María Matos, spokesperson and head of Studies at Fotocasa. “This situation not only reflects growing economic inequality, but also puts the financial stability of tenants at risk, which can have repercussions on social well-being in the long term,” he warns.
Matos points out that, along with the problems with initial payments, he rental price and the Lack of supply continues to be the great difficulties faced by those who want to rent a home.
Regarding price, seven out of ten tenants who have managed to rent a property to live in it point out this issue as a difficulty, according to Fotocasa. Secondly, the lack of housing supply has also been an obstacle for many of them. Specifically, 40% cite it as a difficulty.
The lack of stock is at the heart of the price increases, which do not stop. In September, The rental price rose 8.6% year-on-yearestablishing an average price of 11.87 euros per square meter, according to Floors.com. In monthly terms, the advance was 0.17% and 1.19% in the last quarter.
“Renting cannot become a luxury,” says Ferran Font, from Pisos.com
As he assures Director of Studies at Pisos.com, Ferrán Fontthe rise in rental prices is “pressing” the financial capacity of tenants to the limit. “The prolonged escalation of monthly payments is due to the drop to the minimum of the available supply,” explained Font.
The spokesperson for the real estate portal emphasizes that there are locations where you cannot rent a home without committing a percentage of monthly income “incompatible with the rest of fixed expenses”. All this is causing, according to Ferran, the dissatisfaction of demand to grow, given that finding an apartment for rent whose payment is “comfortable” is increasingly complicated. This means that the search radius has to be expanded to locations less aligned with their life plans. “Renting cannot become a luxury, so it is urgent to find solutions”asks Font. The spokesperson comments that “the policies of harassment and demolition” of the owners only achieve the withdrawal of their properties from the market.
Along with the price and the lack of supply, the third difficulty that tenants encounter when renting is the requirements of the owners (37%), according to the Fotocasa report. In fourth and fifth position are the condition of the homes (34%) and the high initial financial outlay (33%).