In light of the increasing demand for real estate and the rising cost of living, choosing the right property and financing for one's income has become critical. In this context, real estate and investment consultant Matar Al-Shammari provided valuable tips to help individuals make informed financial decisions when buying real estate, while emphasizing the need to consider monthly financial capacity to avoid future financial burdens.

Real Estate.

How do you determine the right property value for your salary? <Al-Shammari explained through a comparison table how to determine the appropriate real estate value based on the monthly salary, where the monthly installment and the required down payment are determined in proportion to the individual's income. Here are the details:

Choosing a mortgage wisely

<Al-Shammari emphasized the importance of avoiding exaggerating the value of the property or the amount of the mortgage, as this can lead to ongoing financial stress. He recommended buying a property that suits your financial capacity without venturing into unsecured commitments. He also advised taking advantage of the available real estate support programs that help reduce the value of the down payment, which contributes to reducing the monthly installment.

Finance that helps you achieve financial stability

<Al-Shammari emphasized that mortgage financing should be a tool that promotes financial stability rather than becoming an additional burden. It's important to choose a loan that aligns with your monthly income and offers flexibility in paying installments.

In conclusion, real estate purchase and financing decisions are among the most important financial decisions that affect the long term. By following expert advice and considering affordability, individuals can strike a balance between owning the right property and financial stability.