Spaniards worry about getting on property ladder
28 October 2005, MADRID — Two thirds of Spaniards think getting a foot on the property ladder has become more difficult in the past three years, a study found.
28 October 2005
MADRID — Two thirds of Spaniards think getting a foot on the property ladder has become more difficult in the past three years, a study found.
Soaring house prices are principally to blame, according to the poll carried out by the respected Centre of Sociological Studies (CIS).
With prices rising 13 percent in the past year, many Spaniards still find it hard to afford a home and live with their parents until they are into their Thirties.
Spaniards also complain that the government is not doing enough to help them buy or rent property.
Only 7.4 percent of those polled said they had received any help to buy or rent a home.
The survey found Spaniards were still very much in favour of home ownership.
Only 7.6 percent of those interviewed said they lived in rented accommodation.
[Copyright EFE with Expatica]
Subject: Spanish news