Challenges Faced by Young Adults in Achieving Homeownership in the Post-Covid Era

In the aftermath of the COVID-19 pandemic, homeownership became increasingly unattainable for many young adults due to unstable job and incomes, rising cost of living and tightened lending conditions. Accordingly, this study attempted to identify the challenges faced by young adults in achieving homeownership and proposes potential strategies to address these challenges. Quantitative research was employed. Data were collected through questionnaires distributed to 384 young adult respondents, aged 18 to 35 years old, who were selected using simple random sampling. The data were analysed using SPSS software with descriptive analysis techniques. The study identifies several key challenges faced by young adults in achieving homeownership, including high housing prices, unstable income, restrictive housing scheme policies, undesirable housing locations, difficulties in obtaining housing loans, and complex decision-making processes. These recommendations highlight the importance of policy intervention and financial support in promoting homeownership among young adults, especially in urban areas.