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News
Youth and housing in pandemic's times.
 05

  JAN

Youth and housing in pandemic's times.

Young people's access to housing hasn´t changed much after the pandemic, but is true that from EUROMARKET REAL ESTATE in Benalmádena (Málaga) we have noticed that the prices of sale and rent have dropped, but not much, however, this may shed some light on young people who are still considering accessing to your first home.
But this does not mean that more aid and alternatives are not necessary so that young people and homes do not pose any problem.

At EUROMARKET REAL ESTATE in Benalmádena (Málaga) we are aware and there are also studies that reflect this, that our young people have to wait at least 34 years to become independent, about 40% and the main reason is the lack of financial savings to to be able to face the expenses of a new home.
To this must be added that many of the young people are not satisfied with just anything, since they are willing to emancipate themselves, they look for houses in fashionable neighborhoods, something that increases the price by about 20%.
In addition, at EUROMARKET INMOBILIARIA in Benalmádena (Málaga) we know that the homes most young people are looking for are open-plan houses, with space, a terrace and that the dimensions are well used, aspects that make housing even more expensive.
Mainly, the problem with access to a house is that of supply and the lack of greater aid.
And it is that the impact that the coronavirus will have on the real estate sector and the economy, added to the difficulty that our young people already had in accessing housing, does not paint a very hopeful future for this part of society.

At EUROMARKET REAL ESTATE in Benalmádena (Málaga) we think that there may be many solutions, the offer of newly built homes can be expanded, developing a new housing aid plan; promote the construction of a housing stock for affordable and subsidized rent that adapts to the demand of young people; reduce VAT when buying a first home and apply deductions on personal income tax for owners who decide to use their homes for rent ... among others.
And it is that the rental option, as things stand today, is presented as the best option for young people to have the possibility of having their first home.
But what do young people think about housing after confinement?
There are studies that reveal that the vast majority of young people would prefer to have been in another type of home during the confinement period, from a larger house, to have changed their location or to have a terrace or garden where they would have gotten better at this time .
And besides, they would opt for a rent with option to buy in a possible new home, which would suppose, together with more aid, a good opportunity to take that big step.

If you are between 20 and 35 years old and you are thinking of starting a new life, come to EUROMARKET REAL ESTATE in Benalmádena (Málaga) and we will help you find that house that allows you to achieve your goal. Do not hesitate and visit us.
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