Renting 'Most Popular Among Young And

Retirees'

Potential purchasers of any of the extensive range of

property for sale in La Zagaleta or other areas in and around

Marbella may be interested to read of a recent study

shedding light on the age groups in Spain that prefer to buy,

and which are instead more inclined to rent. It found that

younger people and retirees leaned towards renting their

homes, while those in-between often preferred to buy

property of their own.

The survey, conducted by a real estate management

franchise, discovered that renting was the favoured option

for 41.7% of 18-30 year olds polled, whether in a shared or

individual flat. Those aged between 30 and 45, however,

often preferred to buy property instead of leasing, the two

options scoring 69% and 27.4% respectively.

However, El Mundo said that with increasing age after 45,

also came an ever-greater tendency for renting a home to be

the individual's primary choice. This was the case for 44.5%

of respondents aged between 55 and 65 years old, the

percentage rising to 50.2% for over 65s.

While there are various labour and economic factors that

help to explain such a trend, many older people's preference

for renting in protected residential communities also seems

to have a major role. Indeed, this was the preferred option

for 5.5% of tenants aged 55 to 65 years, with 13.3% of those

aged at least 65 saying the same.

Former Madrid city councillor, Alejandro Inurrieta,

commented during the study's presentation that "It has

always been said that Spain is a country of owners, but it is

not true. The shift to owning property was not until the

decades of the 1970s and 1980s." He described the Spanish

rental market as "still far from the statistics of the European

Union", and said that the practice of leasing a property in the

country should therefore be encouraged.

If you are perusing the latest luxury property for sale in La

Zagaleta but are unsure yet whether to buy or rent, such

findings may give you useful food for thought. Remember

that irrespective of your preference, here at One Marbella,

we can assist in sourcing you the most suitable property,

while providing a comprehensive range of other dedicated

property services.