They Generation Can’t Own Housing Because The Salary Is Slower Than The House Price
According to the results of the HSBC Group's "Housing Ownership Trends" survey; although wage increases remain low, only 40 per cent of Y can afford housing prices because of the rapid increase in prices.
According to the survey; only 40 percent of Y generation are residents and 83 per cent of those who are not residential owners want to have housing within the next 5 years.
Wage Increases are Low, Prices are Rising
The results of the research conducted for the first time this year shows that it is not the dream of being a residence owner for Y generation but it takes time. Globally, with the low course of wage increases, the rise in housing prices is said to be the biggest obstacle to Y generation for being a homeowner.
According to the survey; only 40 percent of Y generation are residents and 83 per cent of those who are not residential owners want to have housing within the next 5 years.
No Effective Financial Planning
The results of the research indicate that the Y generation has not made effective financial planning for housing purchase. Approximately one-third (31 percent) of the individuals who indicated that they want to own a residence in the next two years stated that there is no general budget yet determined; And 54 percent say they only set an estimated budget.
