Should the home buyers get cash? – Tejarat News
According to Tejarat News, deals Housing Tehran reached its lowest level for the second time in October this year and only 5,416 transactions were made. In November, however, transactions revived and real estate market activists made more than 8,000 transactions.
Now the central bank’s report on the housing market in Azar reports the growth of transactions again. The number of transactions in the last month has reached more than 10 thousand residential units, which has increased by 27.2% compared to the previous month.
The upward trend in the number of housing transactions usually indicates the return of prosperity to the market. An issue that is justifiable for 2 reasons. First of all, real estate market experts consider December and December as the growth season for transactions.
In fact, the housing market is booming in these months. Of course, most of the market prosperity at this point is not due to the presence of consumer buyers. Rather, the volume of capital purchases increases. These buyers hope to make a profit in the Eid market.
Another reason that makes this rate of growth acceptable is the fluctuations in the currency market. The dollar has hit strange records in the last month and has introduced the excitement of increased volatility to other markets.
This happened last year as well. According to the report of World Economy, in December of last year, about 9,800 housing transactions were made in Tehran, which was a 33% increase compared to November of the same year. A part of housing transactions at that time was done in the form of “temporary purchase” by non-consumer demand.
During the past decades, the housing market has traditionally been more prosperous in Bahman and March than in other months of the second half of the year, and it is considered the second busiest period of the year after summer, because some people try to transfer their property for the days of Nowruz. to conclude These buyers are among the customers of the housing market in 1998, which were numerous at that time.
Of course, the predictions for January may change. Because on the one hand, the increase in transactions this year started in November and continued in December. Therefore, it is likely that the transactions in January will not be the same as last year. On the other hand, during the last 2 days, the currency market has calmed down and the price of the dollar has dropped in several channels.
If the volatility of the currency market should be low, probably fueling the market Housing be weakened by the currency market. Therefore, part of the excitement of the market to buy property should be controlled. But there is a possibility that the price of the dollar will increase and this will affect the forecasts.
Of course, the world of economics has reported on the housing market in December, which apparently has increased the number of buyers. With the beginning of winter, there has been no significant change in the supply of sales files to the capital’s housing market, but apparently, there has been a slight increase in the number of housing buyers who are present in the market.
How many meters of house should we buy with a mortgage?
Also as announced central bankIn December of this year, the average price of one square meter of housing in Tehran was 48 million and 73 thousand tomans, which has increased by 2.9 and 47.5 percent compared to the previous month and the same period last year.
With this average housing price in Tehran, Tehrani couples can buy only 10 square meters of houses by taking a mortgage. At the moment, each sheet of Tse Maskan, which was published in June last year, costs about 124 thousand tomans.
To get a loan Housing Couples have to buy 960 sheets of paper, the total price of these papers is estimated at 120 million Tomans. That means, practically, applicants to buy a house only borrow 360 million tomans. It means that you can buy a house of only 7.5 meters with loan money.