If you’re following along with the news today, you’re probably hearing a lot about record-breaking Apartment prices, rising consumer costs, supply chain constraints, and more. And if you’re thinking about purchasing an Apartment this year in Addis Ababa, all of these inflationary concerns are likely making you wonder if you should wait to buy. Recent findings explain that during a period of high inflation, Apartment prices rise across the board, and while Apartment prices aren’t immune from this increase, here’s why inflation shouldn’t stop you from buying an Apartment this year.
Apartment ownership Offers Stability and Security
Apartment prices have been increasing for quite some time, and experts say it is going to continue to climb throughout the current year. So, as a buyer, how can you protect yourself from rising costs for things like food, shelter, entertainment, and other goods and services? The answer lies in housing.
If you rent, you don’t have that same benefit and you won’t be protected from rising housing costs. As an added incentive to buy, consider that today’s buying process and information are highly modern and simpler than they have been in decades. While inflation decreases what your money can buy, a low effort of buying helps counteracts it by boosting your purchasing power so you can get more Apartments for your money. They also help keep your monthly payments down. This is especially important during an inflationary period because you’ll want to protect yourself from the impact of inflation as much as possible.
Housing is commonly looked at as a good inflation hedge, especially with interest rates so low.
The best hedge against inflation is a fixed housing cost. That’s why you shouldn’t let it stop you from buying an Apartment this year. Not sure where to start? Connect with Metropolitan Real Estate so you have expert advice and help throughout every step of the Apartment buying process.
Let us connect today, on Metropolitan Real estate, which has multiple ongoing projects such as Metropolitan Central Tower Luxury Apartments are around AU headquarters. Metropolitan Westview Standard Apartments located at Total Soset Kuter Mazoriya and The Metropolitan Residence located around Bole Main Road, In front of Mega Building. If you are ready to begin your journey on the way to becoming a homeowner, please contact us with the Ethiopian office: +251973404040 and USA office: +1480 280 2242.