The summer season has officially started and everyone is rushing to enjoy some beach time. This must have got you thinking about purchasing a beach house for your family. Here arises the question, when should you buy it? And is summer the best time to make the life-changing decision of getting a beach house or should you wait for another time?
Hint: summer is the best season!
But why is summer the best season to buy a beach house? That’s what we will answer in this article.
Why is summer the best season to buy a beach house?
The real estate market is usually booming all year long, but it’s undebatable that the summer season is the best season to get a beach house.
Why?
Numerous factors affect the market during the summer season, shaping it into a lucrative opportunity.
Enough beating around the bush, let’s dive right into it the top reasons why you should get your beach house this summer.
1. High competition
Most real estate developers establish their coastal projects during the summer season. In fact, just this summer several industry gurus developed new projects like Solare by Misr Italia, LVLS North Coast by Mountain View, and Salt Northcoast by Tatweer Misr.
This leads to high competition in the market. As a result, prices are competitive and developers offer better value to stay ahead of the competition.
Needless to say, newly launched projects always have the best prices and payment plans.
2. Excessive resale supply
Another major reason that summer is the perfect season for purchasing a summer house is people are selling!
Due to the new launches, many people that already have beach houses start to upgrade or they got bored and want a change of scenery. This results in a boom in the resale market. And of course with high supply comes better deals and prices.
Also, the increase in supply over demand gives you leverage that makes negotiation a lot easier.
3. Instant ROI
The masses rent beach houses in the summer season to enjoy some quality time with family or friends.
Accordingly, if you get a house with immediate delivery (don’t worry, there are plenty of those for you to pick from), you can get an immediate return on investment (ROI) by renting your property.
Imagine how much this can help you in paying off your beach house.
Should You Buy?
With the Egyptian real estate market constantly on the rise and the global economic crisis, purchasing any property can be a smart financial decision. As it will help you hold your money value or even increase it.
But to be more specific should you buy a beach house this season?
Like any major financial decision, you have to do your own due diligence and consider every aspect beforehand. However, it is essential to highlight that if you are considering purchasing a beach house SUMMER is the best time!
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Visit Nawy now to compare thousands of listings and find the perfect beach house.
