Finding the right property
The process of finding the perfect home can be complex and requires careful consideration. It is important to take various factors into account before making a decision.
According to economist Santiago Niño Becerra, the real estate market is experiencing a delicate situation, which makes the search for a property even more challenging. By 2023, 50% of new homes sold in Spain will be paid in cash, and foreigners are playing an important role in property purchases.
The right time to buy
According to Niño Becerra, it is always a good time to buy a property. Interest rates have a decreasing impact on the purchase decision, and the most important thing is to consider the future profitability of the investment. However, if the property is for habitation, it is crucial to take into account the expected path of interest rates.
The economist also mentions that a downward trend in interest rates is expected starting in June. This may influence the purchasing decision, as buyers may benefit from more favorable conditions in the future.
Additional considerations
In addition to the factors mentioned above, there are other key aspects to consider when purchasing a property. These include location, property condition, nearby amenities, transportation, security, and personal budget. It is important to evaluate all of these variables to make an informed and satisfactory decision.
In short, purchasing property is a complex process that requires careful consideration. It is important to take into account the current situation of the real estate market, the expected future profitability and other key factors before making a decision. By evaluating all of these variables, buyers can find the right property that meets their needs and expectations.
