European City Dynamics 2 – Young Urban Residents
This report explores the impact of Covid-19 on young populations across Europe and the subsequent result this is having on housing preferences and demand for Living real estate.
The impact of Covid-19 is rapidly changing the property landscape within cities and a post-pandemic world will be both more fluid – a by-product of a greater range of individual choices between live, work and play opportunities – and more dynamic, as shifts in individual and household living preferences are likely to happen more quickly.
In no age group is this more apparent than young adults, who are the most mobile, the most impressionable and the most important for many cities’ rental housing markets. Covid-19 has altered many aspects in the lives of young Europeans, influencing how this group will navigate higher education, their entry into the labour force and ultimately their associated housing needs.
This report sets out how younger Europeans were living before the pandemic and explores the specific impacts on this cohort and their housing preferences moving into the near-term future. It concludes with real estate specific outcomes and recommendations for various actors in the space to help navigate the Living market and the range of housing solutions now required by Europe’s young population.