This is a very good time to invest in the purchase of a house, as there are favorable price and financing conditions that you could take advantage of. To provide you with more security, we have compiled in this publication the favorable signs that the real estate solutions market shows and with which you will get the home of your dreams.
Keep in mind that the panorama can change and experts say that after the price stabilizes, prices could rise, so don't take too long to decide or the best opportunities could elude you. Read the details.
good prices
Since last year, according to the figures offered by the National Institute of Statistics, the price of housing at the end of June had risen 2.4% and only 3.3% annually. The value of new properties rose 6% and second-hand only 2.9%. Numbers quite far from those that have been registered in other European markets and the United States, where the rise reached almost 20%.
Although there has been an increase in the value of the property, it has been rather modest and that is very positive for buyers. Prices are expected to change depending on the economy and GDP growth, which is projected to be positive. Therefore, buying in these months will be smarter than buying in the coming months when property costs could be higher.
Financing with low-interest rates
The Euribor, the reference index for calculating interest rates, continues at its lowest levels, closing last year below -0.5%. This translates into mortgages with lower interest rates, which is a great incentive for buyers. These conditions are unlikely to recur, which means the time to invest is now.
We have noticed that, despite the levels of inflation, interest rates still do not show the same behavior on the rise. The country is slowly recovering from the health crisis and interest rates are not expected to change sharply. That makes 2022 the best time to buy a home.
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More room for negotiation
The crisis of these last two years has caused sellers to be much more willing to negotiate a drop in the price of the property, which was not common in years prior to the pandemic. This allows buyers to access properties that are usually out of their budget. If you have found a home that you like, you should not give it up because of the cost, with the support of one of our real estate agents you can start a negotiation in your favor.