Becoming independent in housing is a problem for many young people. According to new data, nearly a third of adults under 29 live with their parents. This is a significant increase from previous years, highlighting the challenges young people face as they try to establish independence.
The cost of housing is a significant issue for people of all ages. Half of those under 50 are willing to move for better housing, but as they get older, this willingness decreases. The data also shows that those who own their homes are likelier to stay put as they age.
Seznam Zprávy, a Czech news agency, recently surveyed the state of housing in the country. The survey found that 60 percent of Czechs own their homes, with a third still paying off their mortgages. The rising cost of housing has affected those who rent more than those who own their homes.
The survey also found that younger people are more likely to be affected by high rental costs and expensive property prices. As people get older, they are more likely to own their homes. However, it is worth noting that around 15 percent of seniors still live in rental properties.
The survey was carried out by Ipsos exclusively for Seznam Zpráv. It shows that those who live in smaller towns are more likely to own their own homes than those who live in larger cities. The survey also found that those renting homes are more likely to live in large cities.
The rising cost of housing has led to a situation where owning a home is becoming more of an investment than a place to live. This is especially true for those using mortgages to buy multiple properties for investment purposes. The situation is most problematic when large investors, such as investment funds, buy up thousands of properties at once.
Despite these challenges, most Czechs still believe owning a home is the ideal way to live. This is because it provides stability and financial benefits and can serve as a form of security for the future.
The survey also found that nearly half of those under 50 are willing to move for better housing, but this willingness decreases as people age. However, even seniors are still ready to push for better housing, with around 20 percent saying they would consider it.
The cost of housing is a significant issue for most people, with more than a quarter of those paying off their mortgages describing the price as very high. Renters are even more likely to represent the cost of housing as very high.
The survey highlights the challenges facing young people as they try to establish their independence in housing. While the cost of housing is a significant issue for people of all ages, it is particularly acute for younger people just starting in life.