The world is getting smaller, and wide open spaces are getting scarcer. With space being a premium, more and more first-timers are opting to purchase a condo unit instead of a house and lot. Young urban professionals (or yuppies for short), are now choosing to live in the cities near their workplaces, to make the daily commute less of a hassle (and with the soaring gas prices, it also makes more sense money-wise). Another factor on the side of condos are their first-class amenities that are just an elevator away. You can’t beat the convenience of having your gym, pool, day-care center, restaurant & sometimes even shops just a few floors away.
For busy professionals, who’d rather spend their free time socializing, rather than cleaning, condos are also ideally low-maintenance, since there’s a building administrator to take care of all those pesky details. Security is also a plus, with your friendly intimidating doorman.