It is also another eternal dilemma that we are trying to solve. Sooner or later the time will come when we decide to move into a new home. In most cases, we act with credit. However, when it is a loan, when is it worth borrowing? And now is it okay to borrow at all? These are the questions we are going to discuss.
Is your credit expensive now?
This is a relative question, but we are trying to answer it quite concretely. They can’t be called expensive. According to the loan calculator, interest rates on loans are below 3%. This is a lot, but not expensive.
Were loans cheaper? Yes, they were recently. But keep in mind that the vast majority of people take loans for 15-20 years. Therefore, it may be worth fixing the low interest rates that exist in the long term. That is, to choose a loan with a long interest period , even several years. Click here for details!
So, nowadays home loans are not expensive, so this should not be an obstacle to buying real estate.
Are real estate expensive?
Maybe yes. The fact is that real estate prices have risen nicely lately, but… There’s a big de. Over the last 10 years, real estate prices have increased by about 40% on average. This is indeed a remarkable price increase, but on its own it is a hasty decision to call it expensive. Moreover, if we add that, according to the data of the HCSO, average earnings increased by almost 70% during the same period, which means a very good growth rate in terms of value for money. In other words, we can buy bigger apartments for the same amount of work.
Summing up, we can say that real estate is not expensive overall. In proportion to the past, we have a better chance of obtaining the dream property . Since no one sees the future, it is not possible to say in advance whether we can buy at better terms later, but for sure.
If, for example, loans become cheaper in the future, we will have the opportunity to take advantage of the loan redemption and then concretize our loans over the long term at even lower interest rates.
That’s why, as a first step, count on the calculator! And if you do, contact us! We will help you find the perfect solution.