Gen Z buying a house before 30 years old is under financial pressure?

Owning a home is considered a sign of economic stability and an important investment in life, but when seeing house prices skyrocketing, many young people wonder: When will I have enough money to buy a house?

Is Gen Z under financial pressure to buy a house before the age of 30? - Photo: Sacombank

According to a report by VARS (Vietnam Association of Realtors), real estate prices in Vietnam have increased dozens of times over the past decade. This means that without early financial planning, the dream of buying a house to "settle down" will become increasingly out of reach.

Buying a house: A matter of "adults" or of oneself?

In the past, buying a house was often considered a job for "old" people, with a stable career, enough money or a well-off family background.

However, for Gen Z - the young generation that loves to explore, dares to challenge and has an early financial mindset, owning their first home is not only a milestone in adulthood, but also a way for them to build a smart investment.

Especially in the context that real estate is considered an effective and profitable investment channel with good growth.

However, how to buy a house when cash flow is limited? According to a survey by Batdongsan.com.vn, more than 70% of young people have difficulty saving enough money to buy a house, especially in big cities.

For example, in Ho Chi Minh City, with an average income of about 15 million VND/month, to buy a 60m² apartment costing about 3 billion VND, a young person must spend 20-30 years saving, not to mention that real estate prices continue to increase according to market demand.

Not only that, Gen Z is also a generation that likes to experience and try their hand at business, saving a large amount of money every month to buy a house becomes even more challenging. So is there a way for young people to own a house and ensure flexible cash flow?

The answer lies in smart financial solutions, helping Gen Z realize their dream of settling down without having to wait to accumulate 100% of the real estate value.

Home ownership within reach thanks to flexible financial solutions

Tan Phat (28 years old, graphic designer) also struggled with buying a house. Phat's current income is about 25 million VND/month, with occasional project bonuses. Every month after deducting all living expenses, Phat saves over 10 million VND.

Last year, he targeted a 2-bedroom apartment in Thu Duc city area, with a beautiful design, reputable developer and a price of just over 2 billion VND. Phat planned to borrow 1 billion VND from relatives. If he saved diligently according to the schedule, it would take him 10 years to own a house.

However, as housing prices in Ho Chi Minh City continue to rise, the apartment he likes has increased to 2.5 billion VND at the beginning of this year. Looking at the price, Phat was startled and worried about when he would have enough money to buy it. "Besides the money issue, I realize that good projects or apartments often sell out very quickly. Buyers also intend to stay long-term, so the resale rate is very low" - Phat shared.

After much deliberation, he boldly looked into home loan programs from banks. Currently, the loan interest rate is low. Some banks are offering home loans from only 6.5%/year. Phat calculated that if he now borrowed 800 million VND with a term of 20 years, in the first 3 years, he would have to pay both principal and interest of about 8 million VND/month.

Banks and Gen Z create smart financial strategies - Photo: Sacombank

This amount is not much different from the monthly savings rate, and because he doesn't have to pay rent (because he bought a house), he has some left over to gradually pay off the money borrowed from relatives.

After consulting with the bank, Phat decided to borrow money as planned and contacted to deposit to buy his dream apartment. According to the loan policy, Phat only needed to pay 30% of the apartment value in advance and was approved for a loan of up to 70% of the remaining value, with flexible loan terms.

Thus, if he plans his finances and spends reasonably, Phat can still pay his rent and maintain the quality of life he desires.

Now, thinking about coming home to his own apartment every night, Phat smiles with satisfaction. "I've been paying rent for many years, and now I'm still paying it, but to have my own house. In two or three years, the price of my apartment might even increase."

Banks and Gen Z create smart financial strategies

Understanding the psychology and expectations of young people like Phat, Sacombank recently launched a VND20,000 billion loan package for individual customers with home loan interest rates starting at only 6.5%/year and short-term business loans starting at only 4%/year.

Not only meeting the Prime Minister's policy of supporting young people aged 18-35 to buy, build and repair houses, Sacombank's loan package also has a loan limit of up to 85%, flexible principal repayment method allocated at a rate of 10 - 20% of the loan amount in the beginning, principal grace period of up to 5 years, period of up to 30 years, helping to significantly reduce financial pressure for customers.

So if Phat borrows from Sacombank, the payment amount is only from 4 million VND/month, the remaining cost Phat can also buy furniture and equipment to decorate his living space. In addition, when participating in the loan package, customers will also receive a beautiful payment account number according to phone number, date of birth, ID card or anniversary date.

With flexible loan limits, simple procedures, quick approval processes and attractive interest rates, Sacombank helps reduce the financial burden for young people. Long loan terms and diverse payment methods help customers easily plan their finances in accordance with their personal income and expenses, confidently owning their first home even without much savings.

For many young people, the decision to take out a home loan can be a bold move. But with a clear financial plan and the right solutions, owning a home before the age of 30 can become a reality.

Because a home is not just a place to live, but also a stepping stone to a career, financial freedom and a more stable life. Ultimately, the question is not "When will I have enough money to buy a house?", but "How can I make my dream of settling down come true as soon as possible?". And if you have the right financial tools in hand, the answer will certainly be clearer than ever.

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Source: https://tuoitre.vn/gen-z-mua-nha-truoc-30-tuoi-co-ap-luc-tai-chinh-20250324160830682.htm