Buying a home is one of the most important financial decisions in a person’s life. Price is one of the factors that most influences this operation, although other aspects must also be analyzed, such as the economic scenario and the financial situation of the future owner.
House prices were stable during the first months of the year. Now, with the economic recovery and the return of activity in the real estate sector, this indicator has started to rise.
The price of the house is not the only indicator that must be taken into account in order to know the total financial outlay involved in the purchase. There is, in addition, another series of expenses associated with this operation and that represents between 10% and 15% of the purchase price:
In addition to the cost of housing, before buying a property you have to consider the evolution of the market and the financing conditions. In the current scenario, the economic recovery and low interest rates create an ideal context for acquiring a home.
All in all, the growth in gross domestic product (GDP) for the coming months suggests that the rise in prices will continue and interest rates are likely to follow suit, so buying a home today may be a better opportunity.