The youth in Spain should be offered money to move out of their parent’s homes and pay rent elsewhere, Prime Minister Pedro Sánchez has said. A monthly €250 (about £213) housing subsidy for youth aged 18-35 who earn under €23,725 as part of a more comprehensive housing bill has been proposed by Sánchez, the leader of the left-wing coalition government. Other proposals could include introducing rent caps for corporate landlords who own multiple properties to help vulnerable families and youth struggling to pay their rent in major cities.
Spain has one of the highest homeownership rates in the EU, with many young people forced to live with parents due to low wages, high rents, and high unemployment. On average, people in Spain leave their parents’ homes aged 30, compared to the EU average of 26.4 years old.
“We need cohesive and sustainable cities that are clean and conducive to the emancipation of young people,” said Sánchez at the 1st Spanish Urban Forum, a housing conference run by the Ministry of Transport, Mobility and Urban Agenda.