In November, the scales of the housing market tipped in the direction of buyers, creating the ground for a discussion about the possibility for the seller to reduce the price of the viewed property by 10-20%, concluded Latio’s latest “Confidence Index of Home Buyers”. This is especially evident in the segment of private houses.
Small housing loans are actively used for the purchase of relatively cheaper properties, increasing the proportion of transactions that are carried out without a mortgage. On the other hand, buyers who cannot save the necessary financial resources for the first payment due to expensive money and do not want to simply rent the house, have started to be interested in another type of transaction – rent with the right of redemption. Although this may be a suitable solution in some cases, Broad experts recommend finding out all the risks related to the transaction in time, so that in case of disagreement, both parties do not have to involve lawyers.
“Home Buyers’ Confidence Index”* data for November:
2023-12-01 09:56:16
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