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Mohammed Al-Hassami

There has been a lot of talk about real estate and the future of real estate specifically in social media, and is now the right time to buy?

There are those who expect price increases, and there are specialists in the economic field who expect it to decrease through their economic data.

They support this with the following data:

The high cost of financing due to rising interest rates.

The high prices of housing products compared to the level of income and purchasing power of the citizen

- Real estate transactions and white land fees.

<Interest rates will continue to rise for years to come. <And many other factors that they see as having a major role in reducing and braking the rise in real estate prices. The truth of the matter is that the future of real estate is in the science of the unseen, and only God Almighty knows it, as the Almighty said in his book (If I knew the unseen, I would have made more of the good).

But those who have specialized expertise in the field of real estate know that the future of real estate is in the science of the unseen.

But the experts who specialize in real estate, who are at the other end, have a different opinion through their experiences, and they have a vision through which they look forward to the future through their experiences that they have gone through and lived through and know that there is a reverse rebound after which the property will rise; because they are aware that the property has already gone through stages, stagnation and reluctance to invest, as this happened four times:

Four times:

- In 1986 AD, the reason was the drop in the price of oil to 10 dollars per barrel at that period, then it bounced back and rose.

The second time was in 1986 AD. <The second time was in 1991 due to the Gulf War and witnessed a drop in real estate prices and then tripled. The third time was in 2006 due to the failure of real estate contributions and its faltering, and the collapse of the stock market, then the market improved and prices began to rise because liquidity went to the safe investment, which is investment in the real estate field.

The fourth time was in 2006 due to the failure of <a style="color: #ff0000; The fourth time the Corona pandemic caused a negative impact on a number of economic sectors, including the real estate sector, then prices began to rise until they doubled.

<So real estate gets sick and does not die, it recovers and comes back. <Many citizens who want to buy a house for him and his family wonder when is the right time to buy? First, we must know that humans need housing, and the need for housing is not a luxury but a basic necessity of life, and this makes the decision to buy stronger and appropriate at any time the financial liquidity is available.

Secondly, real estate is sick and does not die, and it recovers and returns. <Secondly: The decision to buy is a personal one and the consumer is the best steward of their financial resources.

This makes the decision to buy stronger and appropriate anytime money is available. <He knows if the numbers are working in his favor. <And whether he can live with more than half of his salary being cut for years. That's why we always advise those who want to buy their homes through real estate financing with two words (financial planning).

Yes, financial planning is a requirement.

Yes, financial planning is a necessary requirement and making a decision in such matters needs deliberation, not rushing and asking people with experience in real estate. <Do not listen to non-specialists and study the topic from all sides and look at its pros and cons and the percentage of success of this decision. <In conclusion:

Real estate types, locations, details, specifications and prices vary...

<Riyadh real estate is not comparable to the price of northern real estate. <Look for opportunities and you will find what suits you.

The important thing is not to wait, because the only thing that got the good people involved were the owners of a sentence: "Wait, the property will be cheap!"

<They spent their lives renting, or bought at many times the old price! <The most important thing is to ask God to inspire you to make the right decision.