Wazzup Pilipinas!
Global property website Lamudi Philippines looked into its third quarter 2015 search data and found interesting observations. According to the website, among 18- to 24-year-olds, there is an equal proportion of property hunters looking for for-rent and for-sale properties (50.2 versus 49.8 percent).
But quite interestingly, there is a tendency for property hunters to check out for-sale properties online as they get older. Lamudi data shows that among 25- to 34-year-old users, 57.3 percent are checking out for-sale properties in the website, compared to 42.7 percent of users who look for for-rent properties.
The preference to buy is even higher in the 35–44, 45–54, and 55–64 age groups; Lamudi data noted that 70.8, 72.6, and 71.1 percent of the website’s users, respectively, are checking out for-sale properties, while only 29.2, 27.4, and 28.9 percent are looking for for-rent properties, respectively.
According to Lamudi Philippines managing director Jacqueline van den Ende, these findings are consistent with observations made in Europe and the United States, where people have the tendency to buy as they get older.