Should we buy a house next year or hold on? – Tejarat News
According to Tejarat News, many economic experts say that next year, the best market will be the real estate and land market, and probably the highest yield will be related to these two markets.
Among them, Peyman Molavi, an expert on financial markets, emphasized in a conversation with Tejarat News: “If someone has capital for Buy Housing He is better off buying the first house he sees anywhere. Because with the current trend House price It’s constantly growing and we’re getting closer to becoming homeowners every day.”
This expert compared the trend of the housing market with 1997 and said: When the real interest rate is negative, the growth of prices in the housing market continues. Currently, the real interest rate is negative 20% and this shows that the growth of prices in the housing market continues.
According to this economist, the second most important thing about the housing market is the value of the dollar. The dollar value of housing fluctuates around $1,000 per square meter. Whenever this index crosses the lower border, an important signal is sent to the housing market that price growth is on its way. In December 2017, the average housing price in Tehran was 9 million tomans per square meter. At that time, the price of the dollar fluctuated from 4,200 tomans to 18,700 tomans. After this, what happened was that the return on housing dollars reached 100% in less than 3.5 months.
Molvi stated: We are currently in such a situation, but the growth of housing prices will not be as high as in 1997, and it is expected to be slightly lower than that.
Housing market forecast in 1402
According to this expert, housing prices will probably increase by an average of 40% by June 1402.
This expert of financial markets added: It is likely that the growth of the housing market will reach 40% from January of this year to June of next year. The reason for that is the decisions and policies of the central bank that limit one market and move the demand to another market.
Another reason that experts recommend the housing market is that, unlike the capital or currency market, the government does not have the possibility to interfere and manipulate this market, and this market goes through its natural growth process apart from other markets.
This financial market expert stated: But the housing market is a fair market and no one can make new and strange decisions for this market; You saw that the tax on luxury homes was not approved in the end because this market is not controlled.