Danger Threatens Property Industry If Millenials Do not Want to Buy Property

By : Ridwan And Aldi Firhand. A | Thursday, December 21 2017 - 09:34 IWST

Illustration of Property Decline
Illustration of Property Decline

INDUSTRY.co.id - Jakarta, Indonesia's property industry in the past few years is still practically lethargic. The reason, the millenials who become the largest group of property buyers for the next ten years still rule out to have a dwelling.

This prompted the Rumah123.com property site to conduct a study related to the needs of today's millennials. As a result, the majority of the millennia still do not think of home as the main necessity that must be owned.

"Millennials are more synonymous with traveling and purchasing luxury goods than home ownership," said Country General Manager Rumah123.com, Ignatius Untung in Jakarta (20/12). / 2017).

He added, from the results of the study found that the reference to own the house was correlated with income.

"Millennials earning between Rp3-5 million still place home ownership as a third priority, under traveling and purchasing gadgets and computers," he explained.

Meanwhile, people with income of Rp5-8 million instead put the property in fourth, after gadgets and computers, traveling, and cars. New home ownership is prioritized by groups earning more than Rp15 million.

Fortunately regretted the results of such research. According to him, buying property can help to manage finances and expenditures.

"Millennials are when they have a lot of money inclined consumptive, if only they want to lock the finances in one need, such as home, expenses should be maintained," he said.

"The price of the house in the future is getting higher, inversely proportional to the diminishing size." If it continues to be postponed, how will it be? " he added.

He then concludes, millenials do not buy a house not only because of disability, but also because of unwillingness.

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