21, 25, 30, 40, 50…..
As such there is no age limit or constraint to buy a property but buying the property at the right age
makes a significant impact in ones wealth creation.
In India legally one can buy a property at any age.
In recent times there has been huge enquires from young buyers looking to buy their first home or site.
That is why we are discussing on What is the right age to buy a property?
Young people have got a sea of employment opportunities after finishing their studies with good salary packages. This enables the smart young people to invest in property at early ages as they will be having less commitments at early age.
Saving a decent amount also enables them to get a bank loan to buy properties. If you buy a property at the age of 25 to 36 you are likely to pay off the mortgage by 55 years.
Postponing property purchase has long term implications not just for future property ownership and also their ability to help their own children step on to the ladder.
It is never too late for anyone to own a property.