Sure! Here’s the translation to American English:
—
Access to housing has become a significant barrier for young people in Valencia, according to the recent II Report on Youth and Housing in Spain, prepared by CENTURY 21 Spain. The situation is concerning: 14% of the young people surveyed say they will never be able to save enough to buy a home, while only 20% believe they will be able to purchase a house in the next five years. Additionally, a staggering 69% consider the available public aid to be insufficient.
The report highlights that 34% of young people aged 20 to 40 in Valencia still do not live independently, a figure that exceeds the national average by seven points. Although 56% of respondents express a desire to become independent within two years, various factors hinder that goal. Lack of income, high purchase and rental prices, as well as the ineffectiveness of the aid offered, limit these young people’s opportunities.
Ricardo Sousa, CEO of CENTURY 21 Spain, emphasizes the need for more effective public policies: “We are facing a generation that is eager but without real options. It is essential to implement agile, accessible, and realistic public policies that facilitate long-term access to housing.” The main obstacles faced by young people in Valencia include high prices (36%), insufficient income (31%), and lack of initial savings (15%).
The study reveals that only 29% of young Valencians believe they will be able to achieve independence on their own, while 47% acknowledge that they will have to do so through renting. Furthermore, 45% of respondents estimate that it will take between five and 15 years to gather the necessary capital to buy a home, and 14% believe they will never reach this goal.
Despite the difficulties, the attachment to the city is notable: 67% prefer to stay in Valencia rather than move elsewhere in search of more affordable housing. Regarding the sacrifices they are willing to make, 91% of young people are prepared to give up certain aspects of their daily lives to achieve independence, with 49% willing to cut back on streaming subscriptions and 42% ready to give up travel.
This study also underscores the importance of implementing solutions that not only address purchasing power but also improve territorial mobility and infrastructure. We should not consider young people’s emancipation solely from a financial perspective, but rather as a challenge that requires a comprehensive and effective approach.
—
Let me know if you need any further assistance!
via: MiMub in Spanish
