The best time to buy an apartment according to market trends

It’s no secret that before purchasing the apartment of your dreams, we all conduct a detailed study of the market to make the best decision based on our lifestyle, pace of life, preferences, and future plans. But when should you buy it, when is the right time?

Is there a right time to buy an apartment?

The real estate market is like waves, where inflation and fluctuations in supply and demand constantly change the situation. There is a best moment for making the right decision.

In 2024, the number of real estate transactions in Armenia increased by 12.9%, reaching 247,916 compared to 2023. In Yerevan, the average price per square meter rose by 10-20%, indicating a steady rise in prices. In recent years, there has also been an increased interest in purchasing apartments in the regions, not only due to domestic demand but also due to foreign investments. In Tavush, Kotayk, and Aragatsotn, the number of transactions grew by 13.6%.

The Best Time to Purchase Property — The Early Stages of Construction

The right time to buy an apartment depends on the market situation, trends, and construction stage. In general, the best time is to buy in the early, initial stages of construction. At this stage, prices are still relatively low, and developers often offer more favorable terms to buyers. Even from an investment perspective, buying an apartment in a new building is the best solution. In such conditions, price growth in the long term is guaranteed, and in the future, the property can be sold or rented out.

Why Buy Now

Considering the trend of rising prices, buyers who wait will see prices increase, especially in high-demand areas. Additionally, starting from January 1, 2025, the income tax refund program for mortgage properties purchased or under construction in Yerevan will no longer apply. However, the program will continue to operate in the regions. At Metrum Invest, the income tax refund program is available for the Toon 27, Eden Park and Tsaghkadzor Park projects, and you can purchase apartments with favorable terms and the best pricing offers.

Real estate in Armenia is a secure investment if you make your purchase in the right projects and at the right time.