The passing of the years brings with it certain changes, and that also applies to all sectors of the economy, including the real estate sector.
It is inevitable that new generations think differently from their parents and grandparents, and look for something different when it comes to thinking about owning a home.
Despite everything that has been said about millennials, not everything has to do with travel and experiences; On the contrary, a large part of them also want to have their own place, but they have different ideas about it.
Some years ago, the popular thing was to look for a large house with a patio, so that the children play with the dog and everyone is happy. Today, that is an idea that has been relegated. In the case of millennials, they are also looking for a home, but not necessarily large, but one that allows them to become independent and meet their needs, so apartments are more popular among them.
Before, it was thought that the house that was acquired would be for a lifetime, while today, the new generations are very clear that, in case of an interesting proposal, they always have the option of selling the apartment.
In addition, the space they are looking for is usually smaller because their budget is also smaller. Remember that it is they who will pay all their expenses because most have not yet married and others do not even think about doing so.
Given that construction and housing costs in general have increased, it is very likely that smaller and smaller apartments will work every time for this group.
If you are part of them, remember that it is important to check different offers before making a decision; Similarly, you should consider all aspects related to financing, to ensure you get a good deal.
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