• Housing in times of coronavirus: prices barely fall and the 'oil stain' begins
  • Bank floors: how, when and where they can be bought

Young Spaniards already had a difficult time buying a home even before the coronavirus. In fact, to do so while respecting the recommended level of effort, they should have a salary of 1,935.57 euros per month , that is, twice (101.41% more) than the current salary of employees under 34 years of age, because only that amount It would allow you to spend less than 30% on a mortgage.

In this way, a young person who wants to buy a house financing 80% of the sale price should pay an entry of 4.1 times their annual salary, since the entry in these conditions would be equivalent to about 47,104.8 euros.

The figures correspond to the annual study of the Emancipation Observatory of the Youth Council of Spain and refer to the year 2019, before the labor and social coup that the covid-19 has caused in our country. Even without a pandemic, the conditions of access to housing for youth were already complicated by the precariousness and temporary nature that characterizes employment in this group. According to the Observatory, one in five young people with work was at risk of poverty and social exclusion in 2019.

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

"The purchase of a free home has been impossible for a young person for more than a decade," they explained from the Youth Council. Even the oldest young people, those between 30 and 34 years old, would have to charge 48.23% more to be able to afford a house they own.

Rental

The rental option would not be valid either, since it would imply for the majority of young people up to 29 years of age to dedicate 90.7% of their salary. In Catalonia, the Balearic Islands and Madrid, the cost of access to free rental housing would exceed 100% of salary; that is to say, it is materially impossible for young people in these regions to emancipate themselves alone, as Servimedia collects.

Faced with the impossibility of buying or renting a free home, young people who want to become independent have three main options: delay the decision for later - the majority option -, aspire to participate in the process of awarding a protected home - with little supply - or look for alternatives outside the market.

The only option for young people with a job is, according to the Emancipation Observatory report, to share a flat . This would cost each young person an average of 287.45 (the average rent for a room), that is, an outlay of 29.9% of their salary, when the maximum percentage of their income that a person can dedicate to housing is 30% to be able to meet the rest of the expenses.

An entire rental home would cost a young worker 44.3% of their salary, which is practically impossible.

Lack of measures

And the fact is that the price of rental housing in Spain continues with a considerable escalation that, on average, reaches 872 euros per month at the end of 2019. The economic effort that would entail paying the price of rental housing for a young person, whether you have a job or not, and alone it would be equivalent to 90.7% of your net salary.

According to the president of the Youth Council, Manuel Ramos, "many times the reality of young people goes under the radar of general measures." In this sense, he mentioned the measures adopted during the coronavirus crisis and made it unpleasant that, sometimes, they do not reach young people.

"Whoever is in an extracurricular internship or even who works without a contract can not benefit from a Temporary Employment Regulation File (ERTE). In a scenario, in addition, where the job search is complicated, as well as the possibility of having a first work experience, "he said.

Likewise, the CJE regretted that many programs and aid for the purchase or rental of housing for young people are "de facto inaccessible for people under 30 years of age" , since they "include requirements such as fixed work contracts or a certain permanence", something unattainable for many young people.

According to the criteria of The Trust Project

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