When asked what types of homes they want to buy in the next two years, almost half (47%) of respondents said they want three bedrooms, 40% are targeting two-bedroom homes, around 20% would buy four-bedroom homes and 10 % would settle for a studio apartment.

Most Gen Z and Gen X respondents are more interested in purchasing two-bedroom homes, while most Gen Y and Baby Boomers would buy three-bedroom homes.

As for the year the houses were built, the majority of respondents would like houses built between 2001 and 2020 (53%) or between 1977 and 2000 (48%). Only 12% would take apartments built before 1977 or after 2021 (36%).

As for the method of payment for real estate, 47% of respondents say that they would pay through a bank loan, 41% – in cash, and 12% would pay in installments directly to the developer.

“As our latest research shows, the majority of Gen Y (59%) and Z (49%) respondents under the age of 42 plan to purchase a property with a bank loan, while those over 43, Gen X (55%) and baby boomers (82%) prefer to pay for real estate in cash. The percentage of those who are ready to allocate from 90,000 euros to more than 300,000 euros for housing is interesting. This category, which is the most likely to invest in a home, includes 43% of Gen Y (ages 27-42), 34% of Gen X (ages 43-58), 30% of Gen Z (under 26), and 25% of Baby Boomers (over 59),” said Monica Dudeu, Marketing Manager of Storia.ro & OLX Imobiliare.

What is the budget for buying real estate by generation

When asked what budget they consider for buying a house, the majority of respondents from all four generations analyzed first mentioned a budget of up to €50,000, followed by a budget between €51,000 and €70,000.

Analyzing the responses by age category, it can be seen that 45% of Generation Z (under 26 years of age) consider a budget of less than €50,000, 31% consider a budget between €51,000 and €70,000, and 19% consider a budget between €70,001 and 90,000 euros.

Gen Y respondents (aged 27-42) equally chose a budget option of up to €50,000 (31%), respectively a budget of €51,000 to €70,000 (31%), while 21% said their purchase budget would be between €70,001 EUR to EUR 90,000.

Representatives of generation X (43-58 years old) mentioned a budget of less than 50,000 euros in the share of 37%. 29% of respondents in this age group would budget between €51,000 and €70,000, and 19% of them would aim for a budget between €70,001 and €90,000.

Those over 59 who are part of the baby boomer generation said that 45% would consider a budget of less than €50,000, while 22% would allocate between €51,000 and €70,000 and 14% would have a larger budget. from 70,001 euros. and 90,000 euros.

What are the priority criteria for Romanians when buying a home

For people under the age of 26 (part of generation Z), the most important criteria for choosing a district are: safety (chosen by 65% ​​of respondents), cleanliness (57%) and availability of public transport (56). %).

Generation Y (27-42 years old) consider safety (74%), cleanliness (66%), peace and clean air (63%) to be the most important criteria when choosing a neighborhood.

Generation X (43-58 years old) believes that the most important criteria when choosing a neighborhood are: safety (72%), clean air and silence of the neighborhood (68%), as well as cleanliness (63%).

And representatives of the baby boomer generation (over 59 years old) believe that the most important thing when choosing an area to live in is clean air (71%), silence, green areas, cleanliness and safety (66%).

The three most important criteria from the point of view of internal space coincide in the case of all analyzed generations and include: firstly, a high-quality electrical installation, secondly, a high-quality plumbing installation, and thirdly, the presence of a heating plant.

Generations and the compromises they would make at the housing level

The youngest of the respondents, generation Z (under 26 years old), said that they are ready to make the following concessions: preferred floor (42%), interior design style (41%) and distance from friends or family (39). %).

Millennials (ages 27-42) are willing to compromise on distance from friends or family (36%) and desired level (34%). At the same time, they also indicated that they would be willing to abandon the initial criteria related to the age of the house (34%), as well as the criteria related to the area of ​​the house (32%).

Conversely, representatives of Generation X (ages 47-63) would most like to increase the initially allocated budget (32%). Respondents over the age of 59 said they would accept a trade-off on house size (40%) and on separation and house age, both at 32%. The research was conducted by Storia.ro, a real estate platform launched by OLX.