When is the best time to buy a house?
We live in uncertain times, but life goes on and this may be as good a time as any to buy a house at a good price.
Applying for a mortgage and investing in a property if you have savings and job stability should be the most important factors in making this important and wise decision.
It's true, the pandemic has affected everyone and everything, and that includes the real estate market. Besides, the rental sector has also seen the introduction of new regulations, basically affecting owners. Hopefully, though, things will gradually return to normal: prices will go down as the economy improves, jobs will be created again and confidence will grow.
Broadly speaking, it is not easy to determine whether this is a good time to be thinking about investing. For one thing, because buying a home clearly represents an enormous responsibility; and for another, it all depends on our individual circumstances. For example, moving out of the family home, looking for a bigger house and buying an investment property are three very different situations.