According to a survey, more than 50 per cent of millennials are willing to spend more than 25% of their income on fully managed rental properties to live hassle-free.
According to a statement from co-living operator Housr, a survey of more than 600 millennials offers insight into the diverse lifestyle of this generation and their ideal housing preferences.
As per the survey results, nearly 49 per cent of participants are willing to spend less than 25 per cent of their income on managed rental properties.
Nearly 41 per cent of respondents are willing to spend 25–30 per cent, while 10 per cent are also willing to spend more than 30 per cent.
More than 60 per cent of the respondents defined luxury in terms of lodging as a fully managed space with all essential amenities.
“We are seeing a shift in the way millennials approach housing. They are prioritizing experiences over ownership and are willing to invest in luxury accommodation that offers convenience, style, and security,” said Deepak Anand, Co-Founder & CEO, Housr.
The survey revealed that 39.48 per cent of millennials go on vacation twice a year, and 25 per cent go once a year.
The survey also highlighted that 44.86 per cent of millennials choose to stay in 3-4 star properties, 26.26 per cent prefer to stay in high-end 5-star properties.
Housr has a portfolio of over 60 properties which include fully furnished rooms in co-living properties including studio spaces and complete 1,2, and 3 BHKs in prime locations.