Everyone knowns accessing the property market is not easy for youngsters. The disproportionate difference between salaries and property prices, either purchase or rental, complicates buying or renting for many under the age of 35 in any of Spain’s large cities without family backing.
Given this context, youngsters preferences when buying or renting property in Spain can vary according to different factors, including economic status, lifestyle, and location. We wish to analyse in today’s post general trends that youngsters normally follow when selecting property.
Accessibility and price: Given many youngsters’ economic and employment situations, accessibility and price are usually crucial factors. Many youngsters look for affordable options that fit into their budget.
Location: Closeness to workplaces, universities, amenities, and public transport are normally essential. Youngsters mostly prefer property located in urban areas or with good transport links.
Size and layout: Smaller and more efficient properties in terms of size are popular amongst the youth, who wish to optimise resources. Apartments and flats with modern and functional layouts are often preferred.
Technology and amenities: Modern technology, such as high-speed internet and security systems, is an important factor. Furthermore, additional amenities, like a gym or recreational area within the building, are also attractive.
Sustainability: More and more youngsters show interest in sustainable and eco-friendly properties. Energy efficiency and eco-friendly features can influence when choosing a property.
Flexibility: Flexibility in terms of purchasing or renting, like short-term leases or the possibility of subletting, can be important to youngsters who are in a season of life in which quick personal and professional changes can take place.
Shared spaces: Preferences towards shared spaces or coliving, like shared kitchens, work, or leisure areas, have been on an upward trend in the past years, specially for those who value social interaction.