Major Factors That Boost Real Estate Activity among Youth
Youngsters nowadays are technologically well-versed and also display a keen interest in real estate by identifying great investment opportunities. The average age of home buyers has come down to the young population who are in their late 20s and 30’s. The array of residential projects offered by leading builders in Kerala ranging from luxury flats to affordable ones, they have plenty of options to choose from. Heather Homes offer the finest flats and apartments in Trivandrum that matches the requirements of people willing to invest in real estate.
Here are the key factors that boost the real estate activity among youngsters:
- High disposable income
Youngsters who are graduates from leading institutions receive an initial salary of Rs.10 lakhs and above annually. 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.
- Tax benefits
Easy availability of 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 for investors. These tax incentives encouraged home buyers to participate in real estate investment avenues.
- 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 make them an ideal candidate for acquiring long tenure loans.
More Info : Premium Apartments in Trivandrum
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