There are many people in Ukraine who want to buy their own apartment or improve their existing living conditions. In such a case, any person begins to look at various options for residential real estate, and his first question is when is the best time to buy an apartment? The thing is, real estate experts give so many different recommendations that it’s usually just confusing.
It is quite a common situation when a person spends a long time collecting the necessary amount to buy a house, denies himself expensive things, restricts himself in everything, but he does not manage to collect money. And when she turns to the developer, it turns out that the apartments have managed to increase in price during this time, and among the possible options there are only dark corner apartments that no one wants to buy.
The problem described above is precisely related to the fact that people do not understand when it is better to buy an apartment. And many of them are also convinced that there are two ways to buy a house: by collecting the entire amount or by taking out a mortgage at the bank. But in fact, this is a fundamentally wrong approach, because there is a third option – for payments from the developer. Pay-as-you-go purchases make it possible to buy a house on credit without interest with a minimum down payment. This is not only convenient for those who do not have the entire amount on hand, but also profitable, because an apartment can be searched for and purchased at the excavation stage. In the early stages of construction, there is always something to choose from, and the prices are the lowest at the same time.
Is it worth buying an apartment now?
Many potential buyers are interested in whether to buy real estate now. Any person wants to buy an apartment on the most favorable terms for himself. These are:
- minimum prices for square meters of housing;
- a large selection of apartments, so that you can choose real estate in the right area and with a good layout;
- the ability to dictate your terms to sellers, not the other way around.
If you take into account all these conditions, then this year is an ideal time to buy a home. Now is a good time to buy primarily because of the low prices for apartments. After the crisis, housing prices gradually decreased. Experts predict various options for the future behavior of prices, but most of them are unanimous: in 2022, housing prices will be close to minimum values.
It is safe to say that now it is much easier to buy an apartment than to sell it. The number of new buildings is increasing, due to which developers and sellers of the secondary real estate market are literally fighting for every buyer. Thanks to this, buyers can dictate their terms. For example, you can choose several suitable apartment options, estimate their value and make your offers to the owners. This will allow you to buy an apartment at the lowest price.
If you buy a home in a new building, then a considerable advantage of purchasing this year is that there are a huge number of options for apartments with different layouts and locations. This gives an opportunity to buy the perfect home for yourself, and also at an adequate price.
Taking into account all this, if you consider the question of whether to buy real estate now, then the answer is unequivocal – yes, buy. Moreover, the agreement can be concluded even if the entire amount is not in hand, because there are many developers who offer apartments for payments. The advantages of buying a home on installments are unconditional:
- in the early stages, the developer sets minimum prices for the apartment;
- the opportunity to purchase residential real estate without the entire amount in hand;
- when buying on installments, you do not have to pay interest, as for a mortgage;
- the risks are minimal, because the buyer makes a small down payment (about 10%);
- no additional documents are required, because a standard contract is drawn up.
What time of year to choose for buying an apartment in a new building?
In addition to other issues, what season is better to buy an apartment is also relevant. Not everyone understands this, but the real estate market is seasonal. In other words, market conditions largely depend on the time of year. Let’s consider the nuances of buying a home at different times of the year.
Buying an apartment in winter
Winter is a difficult time for the secondary real estate market. This is primarily due to the fact that neither sellers nor buyers want to organize a move in winter, and even on the eve of holidays. At the same time, viewing apartments becomes problematic due to frost and snow, and it is not always possible to fully assess the situation. Due to these and many other complications, deals are usually postponed until the spring, so the secondary market practically freezes in winter.
With the primary real estate market, the situation is completely opposite. Since there are few options on the secondary market, most buyers are starting to pay attention to new buildings. Moreover, many developers hold promotions and offer discounts for the holidays. For example, it is quite possible to find an apartment in a new building with a big discount for the New Year. Therefore, winter is a great time to buy housing in a new building.
Buying real estate in the spring
Spring is a rather controversial time of the year in terms of the situation in the real estate market, although many experts call it the best time to buy a home. On the one hand, this is true, because many sellers are coming out of “winter hibernation”, and the market is literally overflowing with all kinds of offers. At the same time, the demand for residential real estate is growing, because many buyers saved a little more money over the winter and are ready to make big purchases. Due to such activity in the market, real estate prices are rising. Buyers should not expect discounts and the opportunity to purchase an apartment at a minimum price.
Buying an apartment in the summer
One of the features of buying an apartment in the summer is the lack of a large number of offers on the secondary market. Many sellers move away, and it is trivial for them to never show apartments. At the same time, housing prices usually decrease after spring activity on the real estate market.
But summer is a great time to buy a home from a developer. Most developers start construction in the spring, but many buyers are afraid to invest money at the excavation stage. For such buyers, summer is the best time of year to buy an apartment in a new building, because the prices per square meter have not yet had time to grow much and you can already see which developers are actively building.
Nuances of buying a home in the fall
In autumn, as well as in spring, the secondary real estate market comes to life again, a large number of offers appear. Buyers are also beginning to actively look for housing options, many are even ready to overpay a little, but buy the apartment they like.
If we consider the question of which season is better to buy an apartment on the secondary market, then it is certainly spring and autumn. If we talk about buying apartments from developers, then you should not focus on the time of year. You just need to find a good option and invest.
Advice from experts on buying apartments
- Do not be afraid to buy apartments on installments. This is a great alternative to a mortgage. With this method of purchase, you can not only purchase a home without having the entire amount on hand at once, but also save quite a bit.
- To buy an apartment in a new building at a discount, try to look for options during the holidays. Usually, many developers arrange promotions and real sales, timed to the New Year, March 8, Youth Day and other holidays.
- Do not look for the best time to buy an apartment in 2022. The perfect time will never come, so it is better to invest now, especially since the situation in the real estate market is quite favorable, and it is not known what it will be like in a year or two.
- If you want to buy an apartment in a new building at the lowest price, make an agreement at the beginning of construction. Remember that the cheapest apartments are at the excavation stage, and over time the prices will only increase.
- When buying an apartment in the early stages, choose a developer carefully. Read reviews about him, check in the Register whether he declared himself bankrupt, see the number of houses already built and those still under construction.