dear millennials: your house buying dreams are not overMarch 1, 2017
[With a Master’s degree in your pocket, heaps of relevant training and plenty of work experience on your resume, you might still be one of many millennials pondering whether you’re really getting what you wanted from your hard working twenties.
Still house sharing, with the ability to purchase your own place dismally out of reach, this isn’t only a Canadian issue: it’s a worldwide one. It’s also one that housing developers in Amsterdam have sought opportunity in, leading the way for cities such as Melbourne, where buying and rental prices continue to rise.
Given the demand for affordable housing amongst graduates and young adults, Amsterdam’s developers have been curating new projects specifically to tackle to continual issue. Property developer ‘AM’ is curating such projects in the Netherlands’ biggest city.
According to the company’s director Peter Heuvelink, “Millennials are more willing to share and less attached to possessions than the generations before them. With this in mind, the idea of progressive millennial living has emerged: compact housing with many common amenities. Imagine a common roof terrace, shared laundry centres and a space where people can work.”
Additionally, millennials living in cities tend not to own cars, differing from their parents. They also prefer to commit to meeting places in their local areas, which lead AM to further focus their developments around the idea of “bringing an area to life”. This direction – it would seem – works. Catering and sports facilities in the developments help to create bonds between the occupants.
It can be assumed that given the growing rates of graduates and young professionals in Canada, the future of international housing development will host a growing number of developments such as those from AM. One project that is underway is set to welcome its first inhabitants in spring 2019. Those particular loft apartments are said to come with ‘New York character’, adding to the appeal of the answer to your housing problems. Sounds like the beginning of the of plot the best TV show ever made… We’re in.