Commodity prices have increased significantly in the current global economy, creating inflationary pressures. Notwithstanding the hazards, this has led investors to turn to the real estate sector as a safer investment alternative.
Buying a residential property is the same as creating a future asset that will ultimately generate a return on investment. As a result, the community of homebuyers has been actively involved in the real estate industry. But purchasers frequently forget how crucial it is to time their purchases properly. It might come as a surprise, but professionals advise choosing March as the best month to purchase a property. Buying property in March is a great deal as it has significant tax advantages.
Why is March considered a valuable time for real estate investment?
According to real estate experts, the time before March 31st, or just before the fiscal year’s end, is considered the optimum time to invest in real estate. According to reports, there are more motivated sellers, fewer aggressive buyers, and possibilities to take advantage of tax benefits in the real estate market.
Industry insiders claim that the fiscal year’s closing months typically show a decline in homebuyer demand, providing good circumstances for intelligent investors to investigate this comparatively untapped investment opportunity. To entice customers, developers frequently offer their most attractive discounts and payment arrangements at this time. Below are the significant reasons stated by experts for buying properties in March.
- At the end of the financial year, property prices reach their lowest point and are more affordable than during the peak season, when prices are often inflated. Additionally, during this time, many banks and housing finance companies offer discounts, schemes, and flexible payment plans, making it suitable for purchasing a home. According to real estate agents, there is a significant number of inquiries from first-time homebuyers with limited budgets looking to buy a home in March, mainly due to the slightly lower prices during this period. Developers tend to lower the cost of their unsold stock during this period to offload as much as possible, creating an opportunity for budget-conscious homebuyers.
- According to Mr. Subhash Goel Director at Goel Ganga Developments “the time before March 31st, or just before the fiscal year’s end, is considered the best time to invest in real estate.” According to reports, there are more motivated sellers, fewer aggressive buyers, and possibilities to take advantage of tax benefits in the real estate market.
- Industry insiders claim that the fiscal year’s closing months typically show a decline in homebuyer demand, providing good circumstances for smart investors to investigate this comparatively untapped investment opportunity. To entice customers, developers frequently offer their most attractive discounts and payment arrangements at this time.
- There is often a slowdown around the end of the year that impacts both builders working on new buildings and people selling pre-owned residences. Some builders provide additional incentives, such as subsidized renovations, discounted rates, or complimentary amenities, to spark interest and boost sales during this time.
In conclusion, investing in real estate in March may be a wise choice for several reasons. First, you can escape the heightened competition frequently associated with the busiest shopping times. To increase sales, developers could also present enticing incentives and deals at this time. Also, you’ll have plenty of time to move in and settle before the start of the new academic year if you’re looking for a place to reside. And last, if you’re an investor, buying in March can enable you to earn rental income and capital gains earlier in the year. There are many compelling reasons to buy property in March, so don’t wait to begin exploring your possibilities.
