Half A Million Young Adults Are Expected To Leave Home In The Next Six Months

22 Nov 2021 | Blog, Interesting

Many Spanish youngsters returned home during the Covid-19 pandemic and few youngsters between the ages of 18 and 34 left home during this crisis. But this could be the end. Nearly half a million young adults will leave their parents’ homes in the next six months. This is what’s expected according to a survey carried out by Coliving DoveVivo and the research and consultancy company Ipsos, focused on the Spanish, French, and Italian markets.

The survey shows nearly 66% of youngsters in Spain lived at their parents’ household in January 2020, right before the healthcare crisis outbreak. The reverse exodus of thousands of youngsters raised the total to 70% a few months later as the epidemic worsened and less people were leaving home.

Nearly 40% of those surveyed in Spain decided to temporarily return home soon after the healthcare crisis outbreak for ‘emotional and practical’ reasons, 78% to save money, and 71% to feel better and supported.

The poll estimates the proportion of youngsters living at home will drop to less than 70% by the end of 2021 due to the epidemic improving and rental grant programmes for young people. It roughly calculates that the number of young adults living with their parents’ will reduce to 36% by the end of the first quarter of 2022.

The coalition government is working on new rental grant programmes for those under the age of 35 that will come into force by 2022. €250 a month is planned for those who make a yearly maximum of €23,725. The Government foresees 70,000 people will be assisted.

It remains to be seen if all employment contracts will be included, if the grant will be the same even in completely different housing markets, or if two or more people living together are eligible to claim it.