Thursday 7 November 2019

3 Factors That Boosts Real Estate Activity Among Youth

Today’s youngsters are technologically well-versed and also display a keen interest in real estate by identifying great investmentopportunities in Calicut. The average age of home buyers has come down to the young population who are in their late 20s and 30’s.

Here are the key factors that boost the real estate activity among youngsters:
1.       High disposable income
Youngsters who are graduates from premium institutions receive an initial salary of Rs.10 lakhs and above per year. And when compared to those who work in mid and senior managerial positions, they earn more. A hike in their earnings gives them the purchasing power to afford to buy a house at a very early stage of their life.

2.       Tax benefits
With the availability of various home loans and repayment schemes, tax incentives offered on them along with the tax deduction for principal repayment and payment of interest has proved to be beneficial. These tax incentives encouraged home buyers to participate in real estate investment avenues.

3.       Home loans
Availability of various schemes for home loans has increased the entry of youngsters into the property market. High disposable income and the age makes them an ideal candidate for acquiring long tenure loans.
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1 comment:

  1. Financial well-being until we have a sound financial plan, and if professional advice is required, do always consult a qualified and licenced financial planner to help develop one's personal financial plan, real estate in Los Angeles

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