Ambitious young homeowners buying up cheap property in Spain

Spain is seeing a growing trend of young homeowners buying up ‘cheap’ property

LAST UPDATED: 15 Jul, 2015 @ 23:26
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new homeYOUNG Spaniards are notoriously bad at leaving home and setting up camp away from their family… but that looks to all be changing.

The Alpha real estate network – which has more than 170 offices in Spain – is seeing a growing trend of young homeowners buying up ‘cheap’ property.

The Vice-president of Alpha has attributed this change in attitude to a growing economy, leading to a more ‘ambitious youth’.

“Since last summer, we have been observing that every day there are more young people who have begun searching for a house to buy,” he said.

“Young people are generally interested in cheaper properties, around 100,000, to get them on the property ladder.”

And the company estimates that by the end of the year, 10% of renters under 38 years of age will become homeowners.

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