2006 finishes with a change in the property sector. Last available data show a slight
slow down in the increase of the prices for homes, and some experts predict exhaustion
in the market during next year. Due to this situation, you may ask yourself it is
better to buy now, or wait and see...... -
2006 finishes with a change in the property sector. Last available data show a slight slow down in the increase of the prices for homes, and some experts predict exhaustion in the market during next year.
Due to this situation, you may ask yourself if it is better to buy now, or wait and see if the price of property starts to level out or even decrease.
The general consensus is not to wait too long when buying a property, no matter when you anticipate purchasing.
Determining the correct time to buy will depend on the reason why you are willing to invest in Spanish property; are you going to invest or are you buying a property for your own use? In the first case, the expert’s opinion it is best not to wait too long before you start the purchasing process due to the fact that prices will continue to increase, albeit not at the same speed they have until now. In any event, the market’s forecast profitability is still very interesting.
On the other hand, if you are buying out of necessity (as a home for example, as opposed to pure investment), you will have to take into account your financial situation: You should consider if it is possible to wait for a short period of time to see if the prices come down and balance this against the need to make a quick purchase to complete before the year end in order to take advantage of any tax exemptions you are eligible for.
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