What relationship is there between spending capacity and the number of buyers divided by age groups? This question is answered by the survey, conducted in the first quarter of 2003 by the Tuscan Study Center which belongs to the real estate group of the same name. The survey considered four age groups with a range of 10 years each, from 25 to over 56 years. In the Northern area, the greatest spending capacity is seen in the 36-45 age group, with 34% in Lombardy and 36% in Emilia Romagna. This is the age group in which the work situation stabilizes, consolidates and the first professional successes arrive, therefore it is the best time to buy a house, often the permanent home. The largest number of buyers, however, is found in the 25-35 year age group, with the data in Emilia Romagna (37%) and Piedmont (31%) being particularly significant. The data confirms that in these areas it is easier for young people to enter the world of work and therefore it is possible for them to purchase their first home while investing small amounts, a home that will certainly be changed over the years.
Veneto has interesting values: 24% of buyers are in the 25-35 age group with a spending capacity of 52%, while 64% of buyers are 36-45 years old. Confirming the general well-being of the region: the 25-35 age group, commonly more penalized due to economic conditions that are not always stable, in Veneto has greater purchasing capacity with an average expenditure of around 215,000 euros.
In the Central area the greater purchasing capacity, which in the North is around 36-45 years, widens to the 36-55 age range, probably because in this area economic stability arrives later than in the North. An interesting fact is found in Tuscany and in particular in the city of Florence where 48% of spending is supported by 46-55 year olds and only 7% by 25-35 year olds. Here young people tend to live longer in their parents' house, often to finish their university studies, so the search for work occurs later and consequently the time needed to purchase a house is extended.
Taking into consideration Lazio and Rome we note a certain homogeneity in the data with a fair distribution of spending percentages, while the greatest propensity to purchase is in the 25-35 year age group.
In the South and on the Islands, the age group with the greatest spending capacity is that of those over 56, especially in regions such as Campania (35%) and Sicily (31%). The data brings us back to a complex working landscape in which economic consolidation is achieved late in life and so only through life savings is it possible to realize the dream of purchasing a home of your own.
Sardinia is an exception and shows a good spending capacity (25%) among the 25-35 age group but with only 11% of buyers. The data reflects the reality of the region and in particular of the city of Cagliari where the sense of attachment to one's land and the strong family bond leads parents to support their children in purchasing a house. The 11% of 25-35 year old buyers expresses that percentage of wealthy families, Cagliari in fact shows a reality socially divided between wealthy and non-wealthy families, and almost completely lacks an intermediate class.
In the Italian panorama, the data from the north offset those from the south with a homogeneous result if we consider the spending capacity of each age group, while the tendency to buy a house when the family unit is about to be born is evident. In fact, 31% of purchases are made by 25-35 year olds.
source: Real Estate Observatory
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