This country pays young people to leave their parents' homes

This country pays young people to leave their parents' homes

The Spanish government will pay 250 euros a month for low-income young people to help them leave their parents' homes -- a growing problem in the country. Urban Planning Minister Raquel Sanchez said at a press conference that starting this month, the Spanish under age [...]

Urban Planning Minister Raquel Sanchez said at a press conference that starting this month, Spaniards under 35 years of age whose annual income is less than 24.31 euros could apply for a monthly fee in order to rent an apartment for two years.

She said that support is important that housing prices are not an obstacle to youth independence.

According to data last year, about 55% of people between the ages of 25 and 29 still lived with their parents, making Spain one of the countries in Europe with the largest percentage of young people who have not yet left their parents' house.

This number is closely linked to the particularly high number of young people who are not employed until 29% of those under 25 years of age in Spain have no jobs. However, according to Francisco Inaretti, a spokesman for Idealista, the biggest real estate web site in Spain, direct lease subsidies may not meet government expectations, as there is a high demand for small apartments.

The previous “experience has shown that subsidies directly increase rent prices,” he said, adding that tenants who earn little more than 24.318 euros may feel discriminated against because they will have to pay an even higher rent price without receiving support.

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