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Home-Buying Trends: Millennials vs. Gen Z
Market Analysis

Home-Buying Trends: Millennials vs. Gen Z

April 19, 2026 · Spain

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Discover how Millennials and Gen Z shape 2025 real estate trends, their expectations, and why it matters for developers and investors.

Merilista Market Intelligence

Primary insight

A notable trend in the 2025 real estate landscape reveals that Millennials account for 29% of recent homebuyers. This generation, now primarily in their late twenties to early forties, brings unique priorities shaped by economic challenges and lifestyle preferences, making them a critical demographic for market stakeholders to understand. Investors should focus on their demands for affordable housing and eco-friendly features to capture this growing segment.

Who this is right for

Investors targeting entry-level properties in urban areas.

Developers seeking to incorporate sustainable design into residential projects.

Real estate agents aiming to connect with tech-savvy, younger clientele.

Who this is NOT right for

Buyers focused solely on luxury real estate without considering affordability or sustainability.

Investors unwilling to adapt to the emerging trends of remote work and lifestyle changes that Millennials and Gen Z prioritize.

Key facts

Millennials are now 29% of recent homebuyers, many of whom are married couples.

A significant number of millennials prioritize homes with office spaces due to rising remote work trends.

Eco-friendly home features are increasingly considered essential by this demographic.

Many Millennial buyers are opting for mixed-use communities that allow convenient access to amenities.

Area and market breakdown

The real estate markets favored by Millennials in 2025 include mid-sized cities such as Alicante in Spain and other locations in Turkey. These areas offer attractive affordability, appealing lifestyles, and potential for property appreciation.

Is Alicante worth it in 2026?

Alicante presents itself as a compelling option for Millennials, with its combination of reasonable property prices and pleasant climate. This region is attracting a mix of foreign investors and upwardly mobile locals due to its lifestyle amenities and growing job market. Furthermore, its rising popularity among young buyers indicates strong future demand.

Merilista verdict

Alicante stands out as a prime market, particularly in comparison to other European locations. While cities like Barcelona and Madrid maintain higher price points and demand, Alicante offers accessible entry for those seeking investment opportunities without exorbitant costs. Buyers who align with contemporary trends of sustainability and functionality will find a suitable market here, ensuring a promising return on investment.

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Market data disclaimer

Data on Merilista is sourced from publicly available official sources including Eurostat, national statistical institutes, Dubai Land Department, and the Central Bank of Turkey. All market signals, MERI scores, yield estimates, and trend indicators are for informational purposes only and do not constitute financial or investment advice. Property markets are subject to change — past performance does not guarantee future results. Conduct independent due diligence or consult a licensed advisor before making investment decisions.

MERI (Merilista Real Estate Index) is a proprietary comparative model. It is not a certified financial index and should not be used as the sole basis for investment decisions.

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Market data on Merilista is sourced from official public sources (Eurostat, INE, Dubai Land Department, CBRT) and is for informational purposes only. MERI scores are comparative indicators — not financial advice. Always conduct independent due diligence before making investment decisions. Disclaimer