Young person emancipation in the Balearics half of what it was 20 years ago
Coliving is growing in popularity and does offer a potential solution
A half of young people are evicted because they can't keep up payments. | Efe
Palma31/01/2025 08:43
In 2005, 34% of young people in the Balearics aged between 16 and 29 achieved emancipation in the sense of not living with their parents. Since then, various factors have intervened, such as the financial crisis. While that crisis did subdue house prices, the trend for at least the past ten years has been upward, and by an at-times staggering rate. Salaries have risen but can in no way be said to have kept pace with the costs of housing and indeed other costs.
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