Generation Y facing obstacles in moving abroad

nestpick's survey points out the three biggest obstacles for students moving abroad

(PresseBox) ( Berlin, )
Generation Y is marked by students and young professionals, who define themselves through their freedom to move to other cities and countries. nestpick (www.nestpick.com), the solution for mid and longterm rentals has conducted a survey that has explored the experience of those who have lived abroad as a student or professional, to different corners of the world. Respondents originated from a range of cities such as Amsterdam and Xi An in China. Generation Y are urban nomads, moving continuously throughout their lives.

#1 The global rental market is broken

Of all people asked three quarters or 78% said that it was challenging to find accommodation that suited their requirements. The results also indicated that finding accommodation abroad is an arduous process with only 5.5% of people taking less than a week to find somewhere to call home. 37.7% took a month and 24.9% took even longer (14.1% took 2 weeks, 17.8% took 3 weeks).

We asked what could be easier about finding accommodation abroad and received a variety of responses. 19% said that finding an appropriate apartment or room, 17% said more information about the rental process in their destination country, followed by 16.5% with financial transactions and legal uncertainties. More information about the rental properties (11.2%) and improved communication with the landlord were also mentioned (12.6%).

#2 Finding the right accommodation is the biggest headache

53.8% of people responded that their expectations of their accommodation were not met, whilst 46.2% were content. In contrast, 92% said that their expectations of the people and culture were met, with only 8% saying that they weren’t. When it came to study or work 91.9% said that their expectations were met, while only 9.1% said otherwise. Of the overall abroad experience, 92.1% enjoyed it as much as they had anticipated.

#3 The process was lengthy and through various channels

The sources for finding accommodation were also very mixed, with 21.3% having used a general online search, 19.5% using online rental platforms and 17.2% using a friend referral. Other sources included blogs, expat websites and exchange websites.

The three biggest obstacles

#1 There is a lack of understanding of the rental process in different countries, an uncertainty of financial transactions and legal issues, and poor communication with the landlord leading to an exhaustive process.

#2 Finding the right accommodation from afar is challenging. The picture your future landlord paints when you book and pay and the reality upon arrival in country can be two very different things.

#3 The existing ineffective and inefficient rental market that does not provide a convenient, trustable and transparent environment in which space can be rented and let entirely online.
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