The rise in the cost of houses for next year is an issue that interests many of us, as many of us consider it as the heritage that we will inherit to our children. Surely you are thinking of buying a house, but you want to wait until the beginning of the year for its price to drop.
However, this statement is somewhat uncertain due to the fact that goods, of any kind, will constantly increase in value.
For example, during 2019, a price increase was not expected in the real estate market, but it did happen.
For this reason, in this article, we clear up all your doubts by briefly explaining how the current situation came about and how the outlook for 2020 is expected in the real estate market.
Brief overview of 2019
According to information from the Federal Mortgage Society (SHF), through Inmobiliare , in the first and second quarters of 2019 the cost of real estate increased by 9.1% and 9.2%, respectively.
The SHF reported an increase in the real estate world for CDMX of 11.8%, compared to 2018. According to data from Dinero en Imagen , the increase in houses is 5.5% and for apartments 12%.
As well as the increase in residential type houses is 5.2% and for residential plus type houses it is 7.5%. In this way, it is possible to indicate that the real estate market for CDMX next year could have the same increases, compared to 2019.
We invite you to read about the factors that influence the price of houses .
These increases in the real estate sector are due to different issues, among the most prominent are: inflation of the national currency, in relation to the increase in the dollar and the negotiations of the North American Free Trade Agreement (NAFTA) .
Some of the municipalities affected by this increase, according to data from the cited source, are: Miguel Hidalgo, Cuauhtémoc, Benito Juárez and Azcapotzalco.
Will it go up by 2020?
As you could read, the outlook in the real estate market, for our country, is somewhat unstable, since there is no certainty about the direction it will take for next year.
There is, therefore, uncertainty regarding the real estate market for the following year, since there is no precise source that can tell us if there will be an increase.
In the same way, it must be considered that the rise in the cost of housing also responds to the phenomenon of urbanization and population density growth in CDMX, since the added value of the area where services such as services are integrated increases. transportation, new work and business centers, places for entertainment, among others.
Most likely, after inspecting the performance in 2019, it is that the increases in taxes per square meter or construction material will continue. Therefore, we recommend that if you plan to acquire a property for these dates, do not hesitate to do so before the end of the year.
How to acquire a house before the end of the year?
Through ION Financiera you can acquire a mortgage loan safely and reliably before the end of the year, since we have different types of loans for you and your family.
We invite you to read more information about acquiring a home through Ion Financiera’s mortgage loans .
The first of them is mortgage credit. This consists of a loan that allows you to acquire a home, whether new or used, with a financing scheme appropriate to your needs.
Mortgage credit is a resource to acquire a home or apartment from a loan from a financial institution, also, in case you only want to buy your land.
In this mortgage contract, three fundamental issues are established: the amount of financing, the time to pay off all the credit and the interest.
Some of the requirements that are requested are the following:
- Be between 21 and 74 years old with valid official identification.
- Have a fixed and verifiable income.
- Have a good credit history with the Credit Bureau.
We invite you to read about the mortgage loans designed for you .
I invite you to prequalify your mortgage credit.
ION Financiera is your solution to deal with rising real estate prices, because the interest rate is fixed. This means that the interest will not increase since they are already established from the contract and will be maintained for the duration of the loan. For example, if it is 35 years old, that interest rate cannot change.
At ION Financiera, you won’t have to worry about rising house prices.
In addition, they grant flexible mortgages and have the ability to evaluate, with the use of their own method, their prospects.
What are the benefits of the mortgage loans granted by ION Financiera?
Some of the benefits that this financial institution gives you are the following:
You get an answer in 5 business days
After applying for the loan, you can get a response in 5 business days and the advisor lets you know if your mortgage loan is already authorized or what your work options are.
Ease of checking your income
You will receive the visit of an executive, who will carry out an evaluation of the income you receive, to see if they are within the established framework to obtain a mortgage loan.
You can also check them by using invoices, logs, notes and many other forms of income verification that traditional banking does not count. The important thing is to facilitate obtaining your mortgage credit.
Attention and specialized advice
The advisor who will go to your workplace is only one of the examples by which ION Financiera is characterized by having specialized attention. In fact, this quality is present from the first approach you have with it.
No prepayment penalty
It is very common for other financial entities to penalize you for making those payments. With ION Financiera, you don’t have to worry, as there are no extra charges for advance payments.
Fixed rate and payments for the life of the credit
It is common for interest rates to be mixed, that is: variable or fixed; With this financial institution, you will be sure that the interest rates it establishes are fixed, that is, they do not change, since they are established from the contract.
As we mentioned before, with ION Financiera you don’t have to worry about increases, because even if the price of real estate or interest rates rise, your credit will not.
Includes life and damage insurance
With ION Financiera it is possible by hiring it. That’s right, life insurance covers death, total and permanent disability and the balance due. ION Financiera wants your family debt free.
Remember that big decisions cannot be made lightly, if you are interested in acquiring a mortgage loan at the end of 2019 or 2020, then you would no longer have to worry about the rise in real estate prices. Choose well. Choose ION Financiera.