18- to 24-year-olds were the age group in Great Britain most likely to say that the rise in the cost of living meant that they were going to spend less over Christmas in 2024. Only a very small percentage of British consumers across all ages said that they would spend more than normal on Christmas time, regardless of the rising cost of living.

South Korea's capital Seoul had the highest cost of living among megacities in the Asia-Pacific region in 2024, with an index score of ****. Japan's capital Tokyo followed with a cost of living index score of ****. AffordabilityIn terms of housing affordability, Chinese megacity Shanghai had the highest rent index score in 2024. Affordability has become an issue in certain megacities across the Asia-Pacific region, with accommodation proving expensive. Next to Shanghai, Japanese capital Tokyo and South Korean capital Seoul boast some of the highest rent indices in the region. Increased opportunities in megacitiesAs the biggest region in the world, it is not surprising that the Asia-Pacific region is home to 28 megacities as of January 2024, with expectations that this number will dramatically increase by 2030. The growing number of megacities in the Asia-Pacific region can be attributed to raised levels of employment and living conditions. Cities such as Tokyo, Shanghai, and Beijing have become economic and industrial hubs. Subsequently, these cities have forged a reputation as being the in-trend places to live among the younger generations. This reputation has also pushed them to become enticing to tourists, with Tokyo displaying increased numbers of tourists throughout recent years, which in turn has created more job opportunities for inhabitants. As well as Tokyo, Shanghai has benefitted from the increased tourism, and has demonstrated an increasing population. A big factor in this population increase could be due to the migration of citizens to the city, seeking better employment possibilities.

Youth Apartment Market Outlook

The global youth apartment market size was estimated to be $65 billion in 2023 and is forecasted to reach approximately $108 billion by 2032, growing at a compound annual growth rate (CAGR) of around 5.8%. The primary growth factors driving this market include increasing urbanization, a rising trend of young professionals seeking independent living, and the expanding student population across the globe.

One of the main drivers propelling the youth apartment market is the significant shift in lifestyle preferences among young adults. Millennials and Generation Z are increasingly prioritizing flexibility and mobility, which makes renting an attractive option over purchasing property. This demographic values experiences over ownership, leading to a robust demand for rental housing. Additionally, the global rise in higher education enrollment means more students are moving to urban areas, further boosting the need for youth-specific housing solutions.

The surge in remote working opportunities is another pivotal growth factor for this market. As companies continue to adopt flexible working models, many young professionals are moving to cities that offer a better quality of life and cost of living advantages. This migration is fueling the demand for youth apartments, particularly in tech hubs and cultural capitals. Moreover, the preference for co-living spaces, which offer a sense of community and shared amenities, is becoming increasingly popular among young adults, driving the market further.

Technological advancements in property management and rental services are also playing a crucial role in market growth. The advent of mobile applications and online platforms has simplified the process of finding and renting apartments, making it easier for young adults to move between apartments and cities. These platforms often provide virtual tours and comprehensive reviews, helping tenants make informed decisions. The integration of smart home technologies in youth apartments is also becoming a selling point, appealing to the tech-savvy younger generation.

Regionally, the Asia Pacific market is poised for significant growth, driven by rapid urbanization and a burgeoning student population, particularly in countries like China and India. North America and Europe also present substantial opportunities due to their large student populations and the rising trend of young professionals seeking rental accommodations. In contrast, regions like Latin America and the Middle East & Africa show moderate growth potential, but increasing investments in infrastructure and education could change this trajectory in the coming years.

Type Analysis

Studio apartments constitute a significant segment within the youth apartment market. These units are particularly popular among young professionals and students who prioritize affordability and efficient use of space. Studio apartments typically consist of a single room that serves as the living, dining, and sleeping area, along with a separate bathroom. The cost-effectiveness and minimalistic lifestyle associated with studio apartments appeal to the younger demographic, who often prioritize location and accessibility over space. In urban settings where real estate prices are high, studio apartments offer a practical solution for independent living without the burden of high rent.

One-bedroom apartments are another crucial segment in this market, offering slightly more space and privacy compared to studio apartments. These units usually feature a separate bedroom, living area, kitchen, and bathroom. The additional space makes one-bedroom apartments an attractive option for young couples or single professionals who prefer a bit more room. The demand for one-bedroom apartments is particularly high in metropolitan areas where young professionals seek a balance between cost and comfort. This segment is also growing due to the increasing trend of remote work, as individuals seek dedicated spaces for both living and working.

Shared apartments or co-living spaces are gaining significant traction among the youth segment. These setups involve multiple tenants sharing a larger apartment or house, often with private bedrooms and communal living areas, kitchens, and bathrooms. Shared apartments offer a blend of affordability and community living, making them popular among students and young professionals new to a city. The social aspect of co-living, combined with the cost benefits of shared rent and utilities, drives this market segment. Operators of co-living spaces often include ad

The Latin American condominiums and apartments market, valued at approximately $XX million in 2025, is experiencing robust growth, with a compound annual growth rate (CAGR) exceeding 5%. This expansion is fueled by several key drivers. Rapid urbanization across major Latin American cities like São Paulo, Mexico City, and Buenos Aires is creating significant demand for modern housing. Rising middle-class incomes and a growing preference for apartment living, particularly among younger generations, are further bolstering market growth. Additionally, government initiatives promoting affordable housing and infrastructure development are contributing to a positive market outlook. However, economic volatility in certain regions and fluctuations in construction material costs pose potential challenges. Market segmentation reveals strong activity in both production and consumption, with notable import and export activity reflecting regional trade dynamics. Price trends suggest a moderate increase in line with inflation and construction costs. Leading developers like Desarrollos Inmobiliarios Sadasi, MRV Engenharia, and others are actively shaping the market landscape through diverse projects catering to varied income segments. The forecast period (2025-2033) anticipates continued growth, driven by sustained urbanization and economic progress in select markets. While challenges such as regulatory hurdles and financing constraints persist, the overall market outlook remains optimistic. Strong performance is expected in Brazil, Mexico, and Colombia, which represent significant shares of the overall market. However, other countries in the region, such as Peru and Chile, are also exhibiting notable growth potential. Market analysis suggests opportunities for developers to focus on sustainable and technologically advanced housing solutions to meet the evolving preferences of consumers. A deeper understanding of local market dynamics and regulatory frameworks is crucial for navigating the opportunities and challenges within this rapidly evolving market. Recent developments include: December 2022: Casai, a tech-driven apartment rental company, is merging with Nomah, a rental company based in Brazil. The merger will create the largest short-term rental company in Latin America, with over 3,000 units in Brazil and Mexico., December 2022: Northmarq arranged the sale of two Albuquerque apartment communities. The assets were sold by ABQ Encore LLC and Uptown Horizon Apartments LLC to Crescent Sky Real Estate Partners' CS ABQ Encore and CA ABQ Uptown. ABQ Encore, located at 810 Eubank Blvd. NE has 129 residences divided into 331-square-foot studio units and 551-square-foot one-bedroom units.. Key drivers for this market are: Increasing Disposable Income and Middle-Class Expansion, Increased Awareness of Roofing Solutions. Potential restraints include: The presence of counterfeit or substandard roofing materials in the market poses a significant challenge, The roofing industry faces a shortage of skilled labor. Notable trends are: Increasing Sales of Apartments Driving the Market.

Attitudes towards one´s own region.

Topics: Satisfaction with life; confidence about the future; importance of selected areas of life (children, good relationship with parents, secure job, interesting job, leisure time, friends, partner, earning a lot of money, getting to know the world, good education, good housing situation, voluntary work, career advancement, participation in public life in the place of residence, protection against crime); satisfaction with selected areas of life (housing situation, professional situation, financial situation, personal standard of living, contacts with neighbours, friends, acquaintances and work colleagues, family or partnership, medical care, opportunities for political participation, social safety net in Germany, politics of the Federal Government and the State Government, local politics, democracy in Germany, protection against crime).

Attitudes towards one´s own region: Advantages and disadvantages of one´s own place of residence (open); voluntary commitment; area of voluntary commitment (open); intention to move; general considerations or concrete plans to move; duration of residence at one´s current place of residence; development of one´s own region; closeness to a place (feeling of home); economic future prospects of one´s own region; provision of the region in various areas (childcare and schools, police stations, shopping facilities, offers for young people and the elderly, medical care, pharmacies, public transport, leisure facilities, road conditions, cultural offerings, job opportunities, fast Internet connections, service offerings, affordable housing, transport connections, banks, ATMs, post offices and parcel counters, care and nursing offers for the elderly); future prospects for the supply of the district in the aforementioned areas; assessment of living conditions in one´s own region in comparison with other counties in the state and federal government; personal worries (possible unemployment, not being able to maintain or achieve a standard of living, not being able to make professional progress, loneliness in old age, health, not being able to withstand the strains of everyday life); concerns with regard to the development in Germany (rising national debt, politics cannot solve Germany´s problems, rising unemployment, fixed-term employment relationships are becoming the rule, increasing crime and violence, more and more refugees in Germany, inadequate protection against illness, unemployment and old age, rising energy costs, living at the expense of future generations); personal expectations of the state (comprehensive protection of citizens against risks vs. creating framework conditions for protection by the citizens themselves); the state should continue to ensure equal living conditions in all regions of Germany in the future; opinion on compensation payments for weaker regions; areas in which the state would have to do more for the region (public transport, road construction and repairs, settlement of rural doctors, fast Internet, etc.); sufficient commitment of the state with regard to future challenges in the region.

Demography: sex; age; employment; occupational status; household size; number of persons in the household aged 18 and over; number of school-age children in the household; education; self-rating of class; party sympathy; household net income.

Additionally coded: Respondent ID; region; survey region; federal state; city size; weighting factor.

A 2023 survey conducted among Generation Z in Indonesia found that most respondents across all age groups had freelance work as their side jobs. Meanwhile, only about a ***** of respondents aged between 21 and 26 had no extra income sources. With living costs consistently on the rise, many Indonesian Gen Z members rely on side jobs to support themselves financially. Aiming for financial stability Many Generation Z members in Indonesia are part of the sandwich generation, where they have to support both their children and parents. Moreover, Gen Z spends most of their income on food as a basic necessity, leaving them with limited savings. Despite their efforts to invest for the future, most Indonesian Gen Z have not saved enough for emergency funds. The rise of the creator economy among Gen Z Known for their digital fluency, Gen Z in Indonesia drives the creator economy as they become increasingly interested in online side hustles. They are significantly influenced by social media in various aspects of life, from purchasing behavior to travel inspirations. Gen Z utilizes these platforms not only for self-expression but also to build personal brands and businesses, allowing them to generate extra income.

According to the Statista Global Consumer Survey carried out between July 2023 and June 2024 in the United Kingdom, members of the baby boomer generational cohort were the most likely to agree with the statement that they actively try to eat healthy. The younger the respondents, the less likely they were to agree with the statement. For more countries, the results of prior surveys, and a variety of other topics, please visit our Global Consumer Survey web page.

Dietary habits among millennials in the UK The millennials are the largest generational cohort in the UK, with almost **** million people. In 2020, millennials surpassed the baby boomer generation as the largest generation for the first time. The most popular type of diet among millennials in the UK is the flexitarian diet, which consists of eating mostly plant-based foods while occasionally eating meat and fish. Approximately ** percent of millennials are flexitarians. Moreover, around ** percent of millennials follow a low- or no-carb diet. As compared to other generations, a relatively high share of millennials either do not eat meat or intend to go meat-free in the future. Only Generation Z has a higher share of people who either follow a meat-free diet already or intend to do so in the future. The impact of price increases on healthy eating in the UK Being able to eat healthy is one of the most common food-related concerns among consumers in the UK, as stated by about ** percent of British consumers. The top food-related concern, however, is the food price. Starting in August 2021, food prices in the UK have increased rapidly. In March 2023, the food inflation peaked at **** percent. Prices have declined since. The increase in the cost of living in the UK has also impacted the healthy eating habits of consumers. Approximately ** percent of consumers state that they eat less healthy to save money, while ** percent state that they work more hours and have thus less time to cook.

Online Detached House Rental Market Outlook

The global online detached house rental market size is expected to grow from USD 50 billion in 2023 to USD 85 billion by 2032, reflecting a Compound Annual Growth Rate (CAGR) of 6%. This growth is largely driven by increasing urbanization, the proliferation of digital platforms, and the evolving preferences for rental accommodations over homeownership. Additionally, the convenience and transparency provided by online rental platforms have significantly contributed to the market's expansion.

One of the primary growth factors for the online detached house rental market is the increasing acceptance and reliance on digital technology. As more people become comfortable with online transactions and digital platforms, the ease of finding, comparing, and renting houses online has led to a surge in demand. Furthermore, advancements in virtual reality and augmented reality technologies have enhanced the house viewing experience, allowing potential tenants to tour properties remotely, which has widened the geographical scope of rental markets.

Another significant growth driver is the shifting attitude towards renting versus owning property, especially among younger generations. Millennials and Gen Z are more inclined towards flexible living arrangements that accommodate travel, career mobility, and lifestyle changes. The economic uncertainty post-COVID-19 has also made many wary of long-term financial commitments associated with homeownership, thus driving the rental market. The rising cost of homeownership in urban areas also contributes to this trend, making renting a more feasible option.

Additionally, the global urbanization trend plays a crucial role in fueling the market. As more people move to cities for better employment opportunities, the demand for rental housing, including detached houses, increases. Urban areas are witnessing a higher influx of professionals and families looking for spacious accommodations, driving the need for detached rental homes. Moreover, property owners are increasingly listing their properties on online platforms to reach a broader audience and ensure higher occupancy rates.

From a regional perspective, North America is expected to dominate the online detached house rental market due to its advanced digital infrastructure and high internet penetration rates. However, the Asia Pacific region is anticipated to exhibit the highest growth rate during the forecast period. This is attributed to rapid urbanization, growing middle-class population, and the increasing popularity of digital services in countries like China, India, and Southeast Asian nations. The integration of advanced technologies and the rising number of internet users in these regions further bolster market growth.

The concept of Vacation Rental has become increasingly popular in recent years, especially with the rise of platforms like Airbnb and Vrbo. Vacation rentals offer a unique opportunity for travelers to experience a home-like environment while exploring new destinations. These rentals often provide more space, privacy, and personalized amenities compared to traditional hotel accommodations. For property owners, vacation rentals present a lucrative opportunity to generate income, particularly during peak travel seasons. This trend has been further fueled by the growing preference for unique and immersive travel experiences, as well as the flexibility that vacation rentals offer in terms of location and duration of stay. As the vacation rental market continues to expand, it is expected to play a significant role in shaping the broader rental market landscape.

Property Type Analysis

In the online detached house rental market, property types are segmented into luxury detached houses and standard detached houses. The luxury detached houses segment caters to high-net-worth individuals and expatriates seeking premium accommodations with superior amenities. This segment often features properties with exclusive locations, extensive grounds, and high-end finishes, attracting a niche market willing to pay a premium for luxury and comfort. Although this segment represents a smaller portion of the overall market, it commands higher rental prices and contributes significantly to the market's revenue.

Standard detached houses comprise the larger segment, catering to the broader population including middle-income families and professionals. These houses offer essential am

In 2022, the average living space per person in South Korea was about ** square meters. This was the first increase in two years and a continuation of a slow general increase in living space per person.

Housing prices in South Korea Almost half of the country’s population lives in the metropolitan Seoul Capital Area, comprising the cities of Seoul and Incheon, as well as Gyeonggi Province. Accordingly, purchased apartment prices are especially high in and around Seoul. Within the capital, the popular Gangnam district ranks among the areas with the highest selling prices for apartments. South Korean home ownership Although all age groups favor home ownership, the rate of actual ownership increases with age. With increasing difficulty to finance housing in the city, as well as the country’s problem with a low fertility rate, the government responded by offering favorable loans to millennials. The goal is to incentivize younger generations to afford housing closer to their workplaces and with sufficient space to found families.