Introduction:

People born in the 1980s and 1990s are known as millennials. Since the hardcore age ranges are not specified, the age range may vary slightly. The current economic climate has prevented this youthful generation from thriving. The generation preceding the millennials, Gen X (Gen Y), was lucky to purchase their first home in their 30s or 40s, but the millennial generation cannot fathom owning anything significant, much less high-priced real estate. Although you may argue that this is a generalisation, the millennial readers will likely be able to connect to this idea.

MILLENNIALS' FINANCIAL PROFILE

Currently, millennials are in their 20s and 30s and are either in school or are in their early to mid-career stages. Some are attempting to launch or manage their own enterprises, while others have joined the workforce of corporations. Many of them are still seeking for the perfect chances to launch their professions or succeed in respectable employment positions.

 Nowadays, it is a realistic choice to make money online. To make a living, people engage in social media influence, online selling, freelancing, and unconventional company methods. Startups in the information technology sector, BPO operations, and online arbitration are some popular firms that generate dollars rather than rupees. Traditional industries like selling and managing physical stores are still viable but diminishing quickly.

The 2002 dot com crisis, the worldwide recession of 2007–2008, the 2020 COVID economic reset, and the present impending economic meltdown have all put the economy to the test. Millennials are currently having difficulty saving enough money to protect their future from the present economic turmoil.

The Pakistani real estate sector offers Millennials the following investing prospects.

Invest in low- to medium-cost, high-yield residential apartments

Pakistan's metropolises are rapidly becoming more vertical. Living on the outskirts and doing business downtown is no longer feasible due to the size of cities. The greatest option is to invest in flats that are available in the city's key locations. For millennials, it's an affordable pricing with payment options starting at PKR 20K per month. Apartments routinely see increases in value.

The city's rental value is likewise increasing quickly, providing the owners of our economic infrastructure with attractive returns. Flat living has become enjoyable because to the developers' cutting-edge features. Apartment living is ideal for millennials since they desire a small, autonomous, and lively lifestyle.

PURCHASE TOWNHOUSES FOR SMALL-AREA LIVING

Townhouses are small dwellings designed for communal living. These structures often feature three levels of separate units stacked so that several homes may fit into fewer areas. Townhouses provide affordable accommodation and a simple way of life. Small families with lower income levels will be able to reside in these homes in a peaceful setting that guarantees their safety and security.

 Millennials can easily afford these townhouses because they are still in the early stages of their professions, and the living arrangement also accommodates their tiny families. Furthermore, it should be noted that there aren't many of these units available, which drives up the rental cost.

Invest in small businesses with installation

For Millennials, investing in small-scale commercial properties is a fantastic idea. Mall stores and kiosks advertise substantial rental returns or fantastic startup opportunities. These less-expensive commercial properties may be bought with reduced monthly payments thanks to clever installment programmes.

BUY RENTAL HOTELS & SERVICED APARTMENTS

A relatively new idea in real estate is guaranteed rental property, which enables owners to get pre-assured rent as part of the agreement. With this incredible inventory, one of the best hotel chains or facilities management firms in the world guarantees a return over the medium to long term. This implies that a young professional who invests here will have a reliable side income.

 This will provide these millennials the freedom to explore other professional paths without having to worry about their ability to support themselves. The value of the unit also increases exponentially because of its commercial usage, even if you are receiving a guaranteed sum that increases year.