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7 out of 10 would invest, but more than half admit that it is very difficult to get there

7 out of 10 would invest, but more than half admit that it is very difficult to get there

Only 10% of those surveyed are owners and more than half inherited the property. 63% say that it is very difficult to be able to buy.

Young people and the dream of owning their own home: 7 out of 10 would invest, but more than half admit that it is very difficult to get there

Ignacio Petunchi

In an Argentina still with little possibility of mortgage creditdespite the recent appearance of GRAPEyoung people find it difficult to reach dream of own house. It is so, only 10% own and Although 7 out of 10 would invest in a property if they had the possibility, more than half consider that it is very difficult to be able to buy.

Those who are owners today are divided into those who they bought (32%) and inherited (68%), according to information derived from a survey of Zoneprop to users of the platform between 18 and 41 years old. Of those who bought, most did it with their savings (67%) or with a mortgage credit (22%), due to the low supply and large number of requirements.

In relation to this last point, the 63% assure that it is not easy to buy a property and only 15% consider that with savings and efforts it is possible to achieve the goal. In turn, 21% of young people maintain that the process to rent a home should be fairer.

Young people and the dream of owning their own home: what are the main challenges they face?

Inside the main challenges faced by those who aspire to buy a propertythe possibility of finding relatively low prices (70%) and have the necessary documentation (57%). They continue to find one safe location (30%) and that unit is in good condition (28%).

On the contrary, among the Most important factors to take into account when buying or renting a propertyhe 80% of those surveyed agree that the location tops the list of priorities, while the 55% It also pays more attention to housing status.

It is worth clarifying that, in Argentina after six years reactivated the mortgage credit system, which could help the reactivation of the sector. In the first four months of the year, The total number of real estate purchase and sale deeds rose 32.2% compared to the previous year and the number of transactions carried out reached a 345.4% increaseaccording to the College of Notaries of the city of Buenos Aires.

Source: Ambito

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