According to Eurostat, young people in Latvia begin to live separately from their parents at an average age of 26.2 years, while in neighboring countries this happens earlier – 22.8 years in Estonia and 24.2 years in Lithuania. Moreover, young men women leave the parental home later, the former at an average age of 26.8 years, and the latter at 25.5 years. According to Citadele Bank, in the first half of this year, mortgage lending agreements were most often signed by clients aged 36-45 years, accounting for 38% of the total number of agreements. Another 28% of purchases were made between the ages of 28 and 35. At the same time, in Estonia the proportion is somewhat different: according to the bank, the majority of contracts (37%) this year were signed by people aged 28-35. “The chances of starting an independent life at a relatively early age are influenced not only by life events, but also by economic factors. Some time passes before a young person has the opportunity to save enough money to buy his own home. Therefore, saving is one of the reasons why young people often prefer to live with relatives for a long time, says Jānis Mūrnieks, head of the Individual Services Directorate at Citadele. Even if you live independently and rent a house, you can save up to buy your own property – this will most likely take more time, but. will help you strengthen financial discipline and understand what criteria should be taken into account when purchasing real estate in the future. It is also worth considering the Altum support program for young professionals, which allows residents under the age of 35 with a secondary vocational or higher education to purchase housing with a significantly lower down payment – just. 5% of the cost of housing." According to Eurostat, Croats live the longest with their parents – 31.8 years, followed by Slovaks (31), Greeks (30.6), Spaniards (30.4), Bulgarians and Italians (30). In turn, people in Finland begin to live independently the fastest – on average at 21.4 years. The same can be said about Sweden and Denmark (21.8), as well as Estonia (22.8).
