SPANISH people under the age of 34 would have to double their average salary to be able to buy a property.
According to the Spanish Youth Council (CJE) under 34โs earn an average โฌ961.03 when they need to earn โฌ1,935.57 per month to afford their own home.

At that level they would be able to spend less than 30% of their income on mortgage and other costs involved in owning a property – the level banks consider viable when making home loans.
The main obstacle for millennials when it comes to buying a property is scraping together enough cash for a deposit.
The CJE says that together with the money needed for taxes and fees youngsters would need to save about four times their annual salary.
Renting an apartment is not a viable option for many, with rents in some areas reaching 90% of average salaries, forcing people into sharing an apartment, renting a room or living with their parents.
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