How do the Millennials prepare to welcome the 2020? With new contracts!
Despite what you might think, the Millennials seem to play an increasingly important role in the real estate world. It is no longer a marginal category.
So what are the prospects for 2020 for the Millennials?
Today, this is precisely the subject that will be the protagonist of our mini guide. That is why we have decided to give you an overview, at global level, to better understand the property market and potential transactions. So, if you are ready, we can start!
Famous for their constant difficulty in adhering to the standard logic of the market, the Millennials seem to be the key to real estate contracts in 2020. Let’s take a step back, and see together where this term comes from and what it currently represents.
According to the main research carried out by the major statistical institutes, the Millennials will totally upset the balance of world real estate. There will therefore be a major change in trend. Initially, the Millennials were considered as the young people who characterized a part of the market. That of the leases.
Apparently, this is no longer the case!
The real change is precisely of a contractual nature. The Millennials, in fact, thanks also to the collapse of general prices, opt for contracts of sale rather than lease contracts. Leaving aside a small part that continues to select the second opportunity, it would seem that, young people, are starting to assume an identity in the world real estate.
But what changes will the Millennials contracts bring about in the real estate of 2020? Or rather, how will they influence the market? Without a doubt, the focal points will be as follows:
What we need to ask ourselves is how, in terms of contracts, the relationship between supply and demand will change. Sales are likely to increase, but only for the properties that will be able to adhere to the needs mentioned above.
An increase then to be conveyed with attention, perhaps by modernizing the properties where possible. What characterises the Millennials is also the attention to sustainability. Whether economic, environmental or social, it plays an important role in the Millennials community.
This is the start of projects for redevelopment in terms of achieving green objectives.
So, now that we know what to expect from this 2020, we just have to prepare. Whether you are a Millennials or not, you will now certainly know what will happen in 2020 and how to orient yourself in the world real estate!
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