Buying a house, impossible for two millennials out of three (and those who often do it with the help of the parents)

Buying a house is no longer a obvious milestone for young people. The current economic context makes it difficult for many (although not very young) to take this step, and they confirm it: according to an investigation conducted by MUP Research for Facile.it, 62% of Millennials between 29 and 39 years old have not yet managed to buy the first home.

Those who have managed to buy a house in the last five years, In one case out of three he was able to do it thanks to the economic support of the parents. This help is often essential, so much so that over one million young people from the same age group wants to leave the family home but cannot afford it for economic reasons.

«Buying home is not always easy for the youngest, who often have to deal with non -stable jobs and few savings. Therefore, initiatives such as the first home guarantee fund are welcomewhich in recent years has allowed many under 36 to obtain a mortgage up to 100% of the value of the property “, explain the experts of Facile.it. In 2023, in fact, over 80 thousand loans were paid thanks to this support measure. 26% of mortgage applications included this request, a percentage that touches 50% among the under 36.

The mortgage represents a key resource for young buyers: Between 29 and 39 years old, 69% of those who bought a house resorted to a credit institution. The percentage rises to 74% in northern Italy, where the costs of the properties are on average higher.

About 830 thousand young people said they know from the beginning that without the help of parents they would never have managed to buy a house. The family support proved to be decisive for seven out of ten buyers Over the past five years, both in the form of a guarantee for the mortgage, and as a contribution to reduce the amount to be requested from the bank or cover the accessory costs of the purchase.

An interesting fact concerns the 276 thousand young people who, thanks to the financial support of the parents, managed to buy a home without resorting to a mortgage. Furthermore, Among those who have received financial help, 56% say it will not return the moneyconsidering it a gift; This percentage rises to 61% among women.

The data of the Facali.it joint Observatory – Mutui.it offer an even clearer picture of the economic difficulties faced by young buyers. In the first two months of the year, the average price of the properties for which a mortgage was requested was 192,826 euros, with an average financing request of 142 thousand euros, covering 79% of the property value. The amortization plan has an average duration of 26 years, while The average age of the applicants at the time of the signature is just under 38 years old.