One of the most important decisions in the life of a person or family is, currently, to become an owner. And is that buying a property today is a cost that can change our day to day for several years. Therefore, the best advice is not to rush, meditate all the pros and cons and do it at the right time. Analyzing all aspects is key to help you make the best decision.
The age to acquire a home is very relative and, each time, the real estate market influences more in relation to the offer of brand new properties and the increase in rental prices. On the other hand, also the possible of Government benefits for the acquisition of first homes and other factors such as the employment and family situation of the potential client.
In 2017, more than 40% of the mortgage requests were from buyers between 30 and 40 years old. 27% fromo buyers between 40 and 50. 17.5% from buyers between 18 and 30. This last age group is marked by the instability of the job market and the fear of banks to grant loans to so young customers. On the other hand, this year 2018, the Government has announced a package of aid for the rental and purchase for youths under 35 years that aims to encourage the purchase with a help of 20% of the total price,if the applicant’s salary contribution does not exceed 22,000 euros.
The previous help is very positive, but, considering the current job instability, it seems unlikely to bet on the acquisition. It seems that the age range between 35-45 years is the most common and successful, since employment seems to stabilize and the family economy allows an investment of this type becoming a more affordable expense. It is important to decide to take this step when the disbursement of the purchase can be assumed as an additional expense and not as a monthly challenge that can lead to major problems in the future facing, perhaps, an eviction for not being able to meet the debt.