Should One Buy Or Rent A Real Estate Property In 2022

Should One Buy Or Rent A Real Estate Property In 2022

Should One Buy Or Rent A Real Estate Property In 2022
An intense question arising in the real estate field is whether buyers must rent or buy properties in the new year of 2022. The budget, availability of finance, and the property's appeal affects the buyer's decision. 

The government has augmented affordable housing options to prospective buyers across most cities of India, and in-control housing loan interest rates add to the odds of buyers preferring buy-in over rent-in.  

Even renting presents to be a good option as rental rates are much under control across the most central localities and micro-markets of the country.  

The question of buying or renting has an answer which varies across context and situation. Meaning, the answer can be buying for one family and renting for another. 

Renting is a suitable option anytime. However, at a macro-level, buying is better because property prices will only rise and 2022 presents a golden opportunity for home-buyers to secure a quality home at a good price. 

Buyers should do their due diligence well before choosing to buy or rent. In case they have availability of adequate finance, a bigger percentage of a down payment is suggested. And a safer play would be to choose affordable housing on a leasing basis.