Generation Z: The Future Of Real Estate
This blog was provided by Aurin Disla, CEO/Founder of Aurin Disla Real Estate.
Time flies by and the youngest Millennials are already in their late twenties meanwhile Generation Z is finally coming of age and therefore is about to become the most important age group for the real estate market today and in the future.
Graphic Above Is From garedencentermag.com
Who Makes Up Generation Z
Generation Z also known as Zennials includes those born in the late 1990s and early 2000s although the period is still not very well defined the most accepted idea by several analysts is that Gen Z includes people born between 1997 and 2012. Currently the oldest Gen-Zers are about to graduate from the university, working, or looking for their first job while the youngest ones are probably in the dilemma of choosing what to do after high school.
Characteristics of Generation Z
According to a report published by the Pew Research Center Zoomers were born in a time of rapid digital development so most are tech inclined and have the ability to quickly adapt to change. They also are described as a highly politicized generation with strong opinions on different issues such as climate change, bullying, etc…
All these characteristics all these characteristics make them a generation whose entire world and their own points of view are informed by technology immediately that’s why even the real estate market has begun a new online marketing process through mobile applications to make purchases easier for new generations.
Generation Z And Real Estate
Young Gen-Zers are aware of the political and economic difficulties that Millennials have faced so many have started saving and working from an early age some surveys have revealed that 97% of Zoomer teens believe they will own a home during their lifetime. They understand that home ownership is a good investment and believe that it is safer than the stock market or other investments.
For Generation Z success is defined not by money but by independence, that’s why this generation is expected to leave their parents home and find a place of their own earlier than Millennials did this generation is already looking to the future so the real estate market is gradually adapting to their needs.
Just like Gen Z you too can start investing in the future. Your investment in a residential lot/home today can become a home for a Gen-Zer, and a business that can generate great returns in the long term.
If you are interested in viewing some properties from Aurin then check out these amazing deals out!
If you have any questions about purchasing real estate in the Caribbean fell free to reach out anytime!
