Despite the continuing increase in rental prices – or precisely because of them – the real estate market in Spain is experiencing a moment of great tension and transformation. The difficulty of accessing affordable rental housing has prompted many citizens to consider purchasing as an alternative, which has led to a revitalization of sales in many areas of the country.
This dynamic has generated a complex scenario: While demand continues to grow, driven by a lack of rental options, the supply of homes for sale cannot keep up. The result is a boiling market, where prices keep rising and buyers’ decisions are conditioned by economic uncertainty, housing policies and the development of interest rates.
To better understand this situation and find out if it’s really a good time to buy a home or if it’s worth waiting, 20 minutes I consulted four expert voices from the sector: FADEI (Federation of Associations of Real Estate Enterprises), Triotica, Fotocasa and Invertis.
Is this a good time to buy a home? What the experts say
The current scene raises doubts even among specialists in this sector. Although interest in buying and selling remains high, economic uncertainty, high interest rates and the lack of effective measures to balance the market make many wonder whether they are really… Is now the right time to buy or should you wait?
We are going through the best mortgage period in the last three years
Rebecca Perez, CEO of Inviertis, sums it up quite frankly: “To be completely honest, I don’t know. I, as a professional in this sector, want to buy a house now, and I don’t know what to do,” she admits. He warns that there are no quick answers in sight: “Because It is not a problem that will be solved in the short or medium term; We do not know whether this is in the long term, because the policies that are generated – related to the economy, or related to taxes – do not provide a solution to the housing problem. This is the reality. “This is going to get worse.”
Maria Matos, director of studies and spokesperson for Fotocasa, is somewhat more optimistic. “We have to seize this moment. We are moving forward Best mortgage term in the last 3 yearsMatos points out that despite the tension between supply and demand, it is very difficult to stop demand for housing, driven by social and economic factors that have strengthened after the pandemic. For its part, supply continues without adjustment, keeping prices high.
However, he highlights that current financial conditions are particularly favorable: “Whoever is buying at this time is almost certainly buying Providing a double-digit price increase next yearMoreover, he remembers that existing mortgages have attractive terms, so his recommendation is clear: for those thinking about buying, now is the time to act and take advantage of the financial opportunities and expectations of rising prices.
In the same vein, Miguel Ángel, President of FADEI, advises taking advantage of the current financial market conditions: “First of all, you have to… Take advantage of the fact that interest rates are very low. It indicates that buying at the current interest rate is a good thing, even if the rate is a little higher than before.
According to Miguel Ángel, improved financial conditions caused by lower interest rates make buying a home more attractive than renting in many cases. Furthermore, it highlights that for many people, ““Your current mortgage payment may be less than the rent.” In the most sought-after neighborhoods.
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