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Owning a house at the age of 30 is no longer improbable, given the rising income levels among today’s youth who prefer purchasing a house than shelling out money on high monthly rentals, a study by Assocham has said.

The average age of house owners has come down by nearly 20 years to 30-38 from 55-58 that was prevalent 15-20 years ago, Assocham said in its analysis on ‘Emerging Age Trends for buying dwelling units for self-use’.

The factors leading to the trend includes high rentals, non-sustainable lease agreements between property owners and tenants, rising income levels and easy availability of finances. - PTI

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