The evolution of youth emancipation in Spain and Europe

The challenge of providing access to housing for young people is one of the main problems facing Spain in the real estate, political and social spheres. Over the years, the proportion of people under the age of 35 who are unable to become independent from their homes due to lack of financial resources has been increasing.

According to Eurostat, the EU statistics office, in 2021, 46% of 25-34 year olds were living with their parents, up from 37.2% 10 years ago.

"In Spain, when crossing the data from the Tax Agency with those of the Emancipation Observatory, it can be seen that only in the age range of 25 to 34 years, there are 1,047,000 people who, despite working, still live with their parents, which gives an idea of the magnitude of the problem," explains the Association of Real Estate Developers of Madrid (Asprima) in a report where it analyzes the situation in Spain in comparison with other European countries.

And the conclusion is that the age at which young people emancipate in the domestic context is one of the latest and has experienced one of the worst evolutions in the last decade. In general, the Nordic countries have the fewest young workers living with their parents, while the Central European powers are in the middle of the table. In southern Europe, the situation is more critical."

In recent weeks, the Government has announced several plans aimed at increasing the supply of social and affordable rental housing, with the goal of creating more than 180,000 units within six years. These measures will be carried out through ICO loans and the development of land belonging to the Ministry of Defense and Sareb. However, the developers' employers' association warns that, even if this commitment is fulfilled in terms of quantity and term, "it represents only a small part of the great existing demand