Should we buy a house or not? / Identifying the opportunity to enter the housing market – Tejaratnews

According to Tejarat News, housing applicants these days are facing an important question; Is now the right time to enter the market or is it better to hold off longer? This is a common question for consumer and investment applicants in the housing market. On the eve of the real estate transaction season, they want to know when to enter the market so that they see less loss, increase their principal capital in a short period of time, and get their ideal home.

A real estate consultant says about this: “If someone had money ready, it would be better to buy before Eid, but now it is not too late, and the inflation and price increase in this market generally shows itself after May.”

The housing market has gone through an upward trend in the last few months; The latest report on housing market developments was published by the Iranian Statistics Center in January, according to which the average price per square meter of a residential unit in Tehran reached about 55 million tomans. Experts believe that during the last few months of the last year and the first month of the new year, the prices have been on the same upward path and will continue this trend.

Rumors of rising housing prices have risen to such an extent that even some real estate consultants believe that it is better for buyers to find and buy their suitable house in the few days left until the end of April if they have enough capital.

Economist Peyman Molavi also told Tejarat News earlier: “If a person has capital to buy housing, it is better to buy the first house wherever he can, because with this process, we are getting further away from owning a house every day.”

Reduction of sellers in the housing market

The prospect of an increase in the housing market, of course, has other consequences; For example, another owner of a real estate company told Tejarat News: “As inflation has increased, the property price will also increase.” There are buyers these days, but sellers prefer to hold on to their homes for a while so that they can sell them at a higher price when the trading season starts.”

When to enter the housing market?

Hassan Mohtsham, an expert on the housing market and a member of the board of directors of the Tehran Mass Builders Association, also told Tejarat News: “According to the 1402 budget, in which about 40 percent inflation is predicted, if anyone has the opportunity to buy, it is better to act now.” slow, because with the price increase and inflation that is ahead, housing will be affected by the macro economy and will continue to increase.”

He continued: “Now that it is the beginning of the year 1402 and the effects of the new year’s inflation on housing have not yet shown their ceiling, the purchase will be in favor of the applicants.”

Merchants entering the market

Now, with the recent high prices of housing and the decrease in the power of the dominant buyers, the applicants of this market are those who intend to invest and not settle. Mohtsham explained about this: “Now few people can get the housing they need, because they don’t have the necessary purchasing power, and instead, capital demand enters the market.”

A member of the board of directors of the Tehran province’s mass producers association added: “Until the government directs the economy to production and directs the stray liquidity towards production, these funds will flow to markets such as coins, currency, stock exchange, and housing; “This capital demand is still demand and it increases prices.”

Housing market outlook

Mohtsham also stated about his prediction of the housing market in the coming months: “The housing market is dependent on the overall economy of the country, when the general conditions of the economy are facing inflation, the price of construction inputs increases; This year, the government has also increased wages between 20 and 30 percent. Naturally, service providers also increase the price of services, for example, the municipality has increased its fees by 25 to 30 percent in Tehran.

He continued: “These items, plus the added value, make the price of finished housing higher compared to the past. This situation will eventually be transferred to the consumer.”

As it seems, the housing market has started new movements this year and will gradually see a further increase in prices. In this way, the capital and consumer housing applicants should be on the lookout for the best opportunity to enter this market and buy a house at the best price.

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