Residential contracts jumped to more than 266 thousand contracts, compared to about 195 thousand contracts a year ago. <These statistics and indicators force us to ask a fundamental question: Are we living in a «temporary transition» or are we facing the development of a new concept of flexible housing solutions?
The consumer has become more aware of the concept of «opportunity cost»; instead of falling into the trap of long-term financing commitments, in light of fluctuating interest rates, some believe that investing the amount allocated for the down payment in other investment channels may achieve returns that cover the cost of rent and more, making renting an «investment decision» at certain stages of life.<In addition, the advantages of «spatial preference» have emerged for young families; the mobility associated with work locations and the search for quality education for children has made renting a way to achieve the greatest gains in realizing family desires that keep pace with the fast pace of life in our major cities. This trend in the growth of rental transactions is reinforced by consumers« anticipation of the fruits of major housing projects, waiting for the breakeven point in prices and the reduction of interest rates by financing bodies.
The state of caution experienced by buyers, and their preference to wait, reflects a state of maturity in the market; ownership is no longer an »end« at any price, but a »means« subject to careful comparisons between return and risk.