The first quarter of 2023 has brought about interesting developments in the property market. Analysts report a shift in buyer demographics, with millennials increasingly entering the market. This generation is looking for affordable housing options, particularly in suburban areas.

Demographic Shifts

As millennials prioritize homeownership, developers are responding by creating more budget-friendly housing solutions. Additionally, the trend of co-living spaces is gaining traction, appealing to young professionals seeking community-oriented living.

Understanding these demographic shifts is essential for investors.