According to experts consulted by the real estate website Propiedades.com, despite the situation that the country has faced with the change of government and the signing of the trade agreement between Mexico, the United States and Canada, there are favorable conditions for the acquisition of a property .
As indicated by Eric O’Farrill, managing partner of Coldwell Banker Urbana, it is a good time to buy, because there is a good offer of real estate and a consolidated internal market.
According to Leonardo González, real estate analyst at Propiedades.com, real estate offers a high level of surplus value and resale options and “acquiring today is better because a property pays a shield to global uncertainty, as well as the local risks of the country “.
Also, O’Farrill said that today it is possible to secure rates, because “banking institutions still have fixed rates, this gives us the certainty that over time you will continue to have a fixed monthly payment without increases, although the Bank of Mexico increases rates “.
The manager warns that in some months could be reflected in the prices of real estate, an increase in interest rates, increases in the cost of materials and land.
In case of hiring a mortgage loan it is convenient to make use of mortgage simulators to choose the best mortgage. “This must minimize the payment term, such that it does not exceed the prudential limit of 40% of the person’s current income. The amortization formula must consider the future or medium term plan of the users, as individual credit or linked to a spouse, “said Leonardo González.
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