The changing perspectives from classic to modern in today’s younger generation, particularly in where individuals want to live and work, can change in 10 years. At such a time, Europe’s real estate will adapt and answer the change. Possible solutions can be economically and technologically-advanced, paving the way for advancements in real estate.
According to analysts, Generation Y, Millenials and Generation Z have used technology and the Internet since their childhood. The need for open information and sharing of goods and information is present.
Commercial property demands may fall in Europe in the next 10 years. However, there may be an increase in smaller households, affordable housing and easy access of public buildings.
About 60 per cent of people wish to live in urban areas compared to the 30 per cent who wish to live in the cities in the 1950s. It is possible technology and the developing use of Internet and information-sharing.
Green buildings may also crop up as a result. Plenty of Generation Y, Millenials and Generation Z have a strong sense of sustaining the planet. They have been taught to value the reduction, reusing of items and recycling during their younger years.