Real estate with professional advice

Last year has been a unique year for the real estate market.

Two circumstances have come together to take into account: a difficult economic situation marked by an increase in inflation and an increase in interest rates with a Euribor at levels that we have not seen for years. Nonetheless, The market has resisted and now the question that arises is what the sale of apartments will be like this year..

A SCENARIO OF UNCERTAINTY

In general terms, the starting point is not negative, 2022 It has been a good year for the real estate market. It is true that in the second half sales stagnated, but we must not forget that in the first six months of the year a record of operations similar to the 2008.

In September, after the first two interest rate increases, The number of sales registered in the Property Registry increased by 6,9% Respect to the same month of previously year. It was in October when this trend was stopped.

In this scenario of uncertainty, any forecast on the sale of apartments in 2023, launches with caution. In any case, Everything indicates that the real estate market will not suffer a sudden change in trend. Everything seems to indicate that 2023 It will be a year of price containment and adjustments in demand, which translates into a reduction in the number of purchases and sales.

HOW WILL THIS SLOWNESS AFFECT THE SALES OF APARTMENTS?

Expectations are far from what has been 2022, in fact, The real estate market has already begun to show signs of cooling.

The economic situation is encouraging many owners to sell and the supply is increasing. Demand for housing is slowing down due to difficulties in accessing financing.

All this could cause an adjustment in housing prices.

HOW TO ACT IN THIS SITUATION

In a deceleration scenario such as the one anticipated in 2023, more than ever the key will be, in adjusting the sales price well. Those homes whose price is more realistic and adjusted will be the ones with the best outcome, thus avoiding the risk that a change in the downward trend could entail., That is why it is important to have a Real Estate Agency with professional advice..

In fact, The adjustment in the price of homes that until now were overvalued and had stagnated in the market could be one of the reasons for this foreseeable adjustment in prices in the real estate market..

To be able to sell quickly it is essential to make a adjusted valuation of the home before putting it on the market. In Araico Assessors, We offer you an in-person real estate valuation that will allow you to know what the best price is for the property you want to sell..

Click on the link and request your free and personalized assessment.https://araico.es/