At Mendebal, our clients come first, and guiding them in the purchase of their new home or apartment—whether to live in or as an investment—is our mission. With that in mind, and hoping you make the best decision, we explain below whether buying an apartment in December 2022 or January 2023 is a good or bad idea.

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The main reason why it is a GOOD IDEA to buy a home between December and January lies in the economic phenomena that occur in the first weeks of the new year, such as inflation, rising prices, and adjustments to the minimum wage. For this reason, the end of the year becomes the best time for real estate deals, offering excellent opportunities to invest in properties that will increase in value with the arrival of a new year.

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Other reasons why you should take advantage of this time of year to buy a home include:

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LOWER SALE PRICES
The continuous rise in housing prices makes buying now IDEAL. This is due to what we call appreciation, which helps you avoid price increases caused by inflation.

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BETTER MORTGAGE RATES
The end of the year is the perfect time to secure the best mortgage interest rate and save money on long-term interest. Many banks, before the end of 2022, are offering fixed-rate mortgages, which means the interest rate remains the same throughout the life of the loan.

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This makes the end-of-year season the best moment to buy your ideal home with a mortgage at more favorable rates.

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We invite you to visit our virtual sales room by CLICKING HERE: https://www.mendebal.com/sala-de-ventas-online-mendebal/ and discover the ready-to-move-in projects we have for you, or contact us via WhatsApp for guidance in finding the home you and your family deserve.

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