KUALA LUMPUR, April 16 -- Millennials were the biggest category of renters in 2023 and accounted for 37.8 per cent of all rental transactions in the country, said a new study.

According to real estate technology group Juwai Iqi's 2024 Home Renters Generational Trends Report released today, the next biggest was Generation Z that accounted for 30.7 per cent of rental transactions.

Baby boomers accounted for 2.7 per cent of transactions but paid the highest in rent.

"Over the past five years, Generation Z has seen the fastest growth in its share of rental transactions.

"In the first quarter of 2024, Generation Z accounted for a 3.5-fold larger share of all transactions than in the first quarter of 2019.

"The generation that pays the hig...