Despite the health crisis, its restrictive measures, and the economic consequences, the hexagonal real estate remained particularly dynamic in 2021. Thus, despite a shortage of goods, financing and transactions increased compared to 2020. But, according to The Borrowed study shows the first signs of a shift and 2022 could well be a year of transition.

2021, a year of contrasts for mortgage loans in 2021,

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Businessman signs contract behind the home architectural modelReal estate in UK market is maintaining its dynamism and the average funding basket increases again by 5% over one year for all projects combined. An increase equivalent to that of 2020. Note, however, that the number of purchase intentions over the first 10 months of the year fell by 4% compared to last year.

The hexagonal real estate market is increasingly tense due to the convergence of desires and needs. With the confinements linked to the Covid-19 pandemic, buyers are looking for more comfortable accommodation. A more spacious residence with a garden located on the outskirts of large metropolises or in medium-sized towns.

The price per square meter is lower and the quality of life is better. However, the production of housing is insufficient and fails to meet the ever-increasing demand. But, homebuyers can benefit from historically low borrowing rates of less than 1% with a good record.

Who are the buyers in 2021?

Buyers must borrow more to realize their real estate purchase project in 2021. In addition, buyers of primary new homes have had to increase their contribution. For first-time buyers, this contribution increased by around + 5%, and for second-time buyers, by + 11%. In question, the price of goods continues to soar. In addition, the percentage of rental investors (30%) and that of first-time buyers (45%) indicate that the granting standards decreed by the High Council for Financial Stability (HCSF) did not constitute significant brakes. As a reminder, these rules bring the debt ratio to 35% (including insurance) and extend the maximum debt period to 27 years for certain projects with works.

2022, a downward trend?

A slowdown is likely in 2022 due to several factors. With the HSCF regulations becoming mandatory by 2022, a possible rise in lending rates could have a decisive effect. The household debt ratio will be affected. In addition, the increase in the cost of raw materials and the production of goods, as well as the adaptation to new environmental standards, may slow down the renewal of supply.

To obtain financing, the real estate project must be fully prepared upstream. While lending rates can be expected to rise, they should be moderate. Other subjects will inevitably have an impact on the market in 2022, such as the evolution of the health crisis or the decisions of the next government. The support of a mortgage broker can be useful in playing the competition and finding the most advantageous mortgage rate.

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