18 April 2019

“That’s why many of them switch to the suburbs when they want a new home or an upsizing from the previous one. And only a few years ago, the city was a priority for this generation.”

The main reasons for choosing the suburbs are affordability and space, but they can conflict with the desire of 45% to live near the work place.

The poll also shows that Millennials are ready to cut their everyday expenses in order to save for the home they want. Most of them would limit visiting restaurants, shopping, and entertainment in order to afford their own property.

“Though real estate is more expensive these days than earlier, the desire to become a homeowner still exists, especially among Millennials,” – noted Giles