People browse a model of a high-end condo project at a living fair. According to research conducted by Terra Media and Consulting, the pandemic affected new home purchases for certain age groups. (Photo: Somchai Poomlard)
Gen Y and Z homebuyers remain concerned over income security and future uncertainty, while Gen X property owners appear able to quickly recover from the pandemic, according to a study by Terra Media and Consulting.
Managing director Sumitra Wongpakdee said the pandemic had a bigger impact on those younger than 40 years old, as people aged 40 and older were more mature and could adjust to the situation.
“After a tough year in 2020, Gen X rebounded from the impact and went back to their normal life,” she said.
“Homebuyers in this generation saw a minimal impact on their income. They…
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