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Millennial Filipinos, or Filipinos born between 1981 to 1996, are ticking one ‘adulting’ goal after the other. While some aspire to start a family, most young professionals are focused on their careers, preferring to slug it out in highly competitive workplaces and earn fat paychecks in the process. This often results in substantial savings that, in the past, they would splurge in travel and leisure pursuits, the latest gadgets, or even brand-new cars.
However, the corona virus pandemic has reportedly changed millennials’ spending patterns—for the better. With health protocols restricting their social lives and putting a damper on their travel plans, young adults—aged 20 to 30—are now investing their money in property. Real estate experts affirm this, crediting the positive trend to attractive payment terms offered by developers and the new flexible work arrangements.
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