According to a study by Aedas Homes.
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The rental culture is gradually taking hold in Spain. To such an extent that currently more than a third of Spaniards already see renting as a lifelong option, as confirmed by the Observatory AEDAS Homes July 2021. This study aims to better understand housing demand and has interviewed nearly 4,000 people, including for the first time questions about indicators such as happiness, digitalization, and sustainability to measure their impact on the decision to buy a house.
The rise of renting in the residential market is evident, for example, in that long-term renting continues to gain followers. Exactly, 34.3% of those surveyed in the AEDAS Homes Observatory already see renting as a lifelong option. By age, 29.1% of young people share this opinion, a percentage that rises to 36.7% among those aged 36 to 50 and stands at 34.2% among people aged 51 to 65.
This favorable opinion on renting forever is majority (51%) even among those who live alone with children and are between 36 and 50 years old, according to the Observatory.
By regions, Galicians are the ones who most consider renting as a lifelong option (42%), followed by Catalans and Balearics (40% in both cases). In contrast, only 26% of people from Castilla-La Mancha think that the rental option is forever.
"Despite the greater acceptance of renting by society in Spain, the perception that this access regime to a house is temporary remains deeply rooted. This is believed by 65.7% of those surveyed (70.9% of young people), something that could be related to the fact that those who reside in owned housing express a higher level of happiness (7.5) than those who share a house (7.2) or live in rental (7.1)", can be read in the AEDAS Homes study.
The older you are, the less renting
In currently, 51.5% of young people who do not live with their parents reside in a rented house; a percentage that drops to 30.8% among people aged 36 to 50; and reduces to 25.8% in the age range of 51 to 65 years, according to the AEDAS Homes Observatory.
"In light of the data, it seems clear that renting is a starting point for emancipation. That is, it is a bridge option from parental housing to the first owned home during a period in which, in many cases, a first house is shared with a partner,” deduces the Observatory of AEDAS Homes.
