The
concept of planning for the future may seem an overwhelming task to most where
society has put an emphasis on the idea of acquiring a job, financial
stability, getting married and purchasing a property. For those looking for
investment, especially for a long-term real estate venture at these trying
times, you may be surprised with the favorable opportunities around. According
to a local real estate sales and investment expert, Michael Rosanes, this is
the “best time” to buy properties as the housing backlog is anticipated to
balloon by about 4 million in 2030. On that premise, there is no better time
than now for the earning workforce to take a good grasp of the opportunity.
With millennials as tech-dependents, this prompts them to be great challengers, innovators, and visionaries. In fact, this vigor has reached their interest in home ownership. As stated in Lamudi's The Outlook Quarterly 2021, a significant number of millennials have been on the quest for condominiums online since the previous year. Following the pattern, Filipino millennials prefer buying their own property over renting a space. Here comes the real challenge placed at the hands of the property sector. A home that epitomizes affordability, practicality, feasibility, and future-ready are paramount priorities that shape the needs of young professional settlers and families at present.
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