The inflation It is a constant that affects different industries in the market. According to him Central Reserve Bank (BCR), a significant slowdown in inflation is projected from March 2023, and in the second semester it will return to the target range (between 1% and 3%). Given this reality, it ends up being a difficult task for Peruvians to acquire a property, especially for the younger population, since they do not have purchasing experience in this sector.
For this reason, Mariana Fernández, sales manager V&V Grupo Inmobiliario, provides the keys that you must take into account to buy or sell a home in times of inflation.
SIGHT: Annual inflation to November rises to 8.45% in Metropolitan Lima
Buying a home
- Identify all your needs. The most important thing is that the home you buy meets your expectations; that is to say, that it has all the essential aspects for your stay, in terms of space, dimension and location.
- Choice of type of mortgage. This is a crucial step when buying a property. Whether it is a fixed or variable mortgage, it is recommended that the person find out in advance, because his decision will affect his economy in the long term.
- Make a rational decision. Although the purchase of a home is associated with an emotional component, it is important to assess other aspects such as maintenance, capital gains and taxes. By keeping these additional points in mind, it will allow you to make a more conscious and responsible decision in the future.
Sale of a house
- Evaluate if it is the right time. Despite global economic uncertainty, the real estate market is in good health. Remember that in the most populated areas a price rise is not estimated; however, in areas with less demand, it may present some adjustments.
- Have a sales strategy. The best thing to do is to sell a home at a realistic market price, so the first step is to appraise your property. It is necessary that you inform yourself about the current situation of the sector and have a good management of prices in the short and long term.
- Reform the property. In this way, buyers will have a fixed and clear state of the home that you offer, avoiding a post-sale investment. In addition, when carrying out a remodeling, the value of the property in question will have a higher value in the market.
Although the economic situation and the global political crisis can create an environment of uncertainty for buyers and sellers, putting these keys into practice will help them make a better decision.
