Despite, or perhaps precisely because of, the constant rise in rental prices, the Spanish real estate market is experiencing a moment of great tension and transformation. Difficulties in accessing affordable rental housing have led many citizens to consider buying as an alternative, with sales activity resuming in many parts of the country.
This dynamic creates a complex scenario. While demand continues to increase due to a lack of rental options, the supply of homes for sale cannot keep up. As a result, the market is boiling, prices trending upward, and buyers’ decisions are influenced by economic uncertainty, housing policy, and interest rate fluctuations.
To better understand this situation and find out if it is really a good time to buy a home or is it worth waiting for? 20 minutes consulted four experts in the field. FADEI (Federation of Real Estate Agency Associations), Trioteca, Fotocasa, Inviertis.
Is it a good time to buy a house? expert opinion
The current situation also raises questions among experts in this field. Although interest in buying and selling remains high, economic uncertainty, rising interest rates, and a lack of effective measures to balance the market have left many people wondering if they can really buy and sell. Is now the right time to buy or should you wait?
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Rebecca Perez, CEO of Inviertis, sums it up bluntly: “To be honest, I don’t know. As an expert in this field, I want to buy a house right now, but I don’t know how,” she confesses. And he warns that answers won’t come soon. Although this is not a problem that can be solved in the short or medium term, I don’t know about the long term. Because the economic and tax policies that are being created do not provide answers to the housing problem. That’s the reality. “This is going to get much worse.”
Maria Matos, research director and spokesperson for Fotocasa, is a little more optimistic. “We have to seize this moment. We are experiencing it.” Best mortgage term in the last 3 yearsMatos points out that despite the tension between supply and demand, it will be very difficult to stop housing demand due to social and economic factors that have strengthened after the pandemic. Meanwhile, supply continues unadjusted, causing prices to continue to rise.
Still, he emphasized that the company’s current financial position is particularly strong, saying, “Almost certainly anyone who would buy at this point would buy.” Avoid double-digit price increases next yearAdditionally, he is clear that for prospective buyers, now is the time to take action and take advantage of both the financial opportunity and the prediction of price increases, as he remembers that current mortgages have attractive terms.
FADEI Chairman Miguel Ángel has a similar idea, advising investors to take advantage of the current situation in financial markets. Take advantage of very low interest rates. It’s better to buy at current interest rates, even if the price is a little higher than before,” he points out.
According to Miguel Ángel, improved financial conditions due to lower interest rates have made buying a home more attractive than renting in many cases. Moreover, for many people, he“Your current mortgage payment may be lower than your rent.” Located in the most popular area.
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