Xennials now driving international property market

Published by Estate Agent News

 

According to research by Covercy, the majority (38% of total transactions amongst all ages) of international property investors using cross-border payments were born between 1973 and 1984, a cohort known as the Xennials. In their late thirties and early forties, they represent the younger end of Generation X and the older members of Generation Y.

Many of them are at the coalface of their careers, but they’re also young enough to consider upping sticks and moving overseas.

Gidon Jablonka, Covercy CMO says:

“After bearing the brunt of the financial crisis, people in this group are also far more socially conscious, globally minded and, crucially, less likely to trust banks with their money.”

A strengthening economy, rising housing prices, and a healthier job market have now put them back in the game.

 

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