Buying or selling a house requires a thorough understanding of the conditions of the real estate market and our personal conditions. It is these external and internal conditions that should influence the decision:

External Conditions:

1. Evaluate the Real Estate Market:

In the European context, the real estate market varies considerably between the member countries of the European Union. While some regions may be experiencing a real estate boom due to strong demand and a shortage of supply, others may be facing stagnation or even a decrease in house prices. It is vital to research the specific situation of the country and region in question.

For example, cities like London, Paris and Lisbon can have highly competitive real estate markets, with high prices and a rapid turnover of properties. Meanwhile, rural or less developed areas may offer more affordable prices and a different quality of life.

It is important to be aware of price trends, occupancy rates, urban development and local regulations in order to make an informed decision about when to buy or sell a home in the European Union.

2. Mortgage Interest Rates:

Mortgage interest rates in Europe are influenced by the policies of the European Central Bank (ECB) and the general economic conditions in the region. In a low interest rate scenario, financing costs for home buyers can be lower, making buying a home more affordable and attractive. On the other hand, higher interest rates may discourage buying, as the monthly mortgage payments would be higher.

During periods of historically low interest rates, many buyers may feel encouraged to enter the real estate market before rates rise again. However, it is essential to consider not only current interest rates, but also future projections, as well as the ECB's interest rate policies, especially if you are considering a variable interest loan.

Internal Conditions:

1. Consider your Financial Situation:

Before buying or selling, assess your current and future financial situation. If you're buying, make sure you have a financial reserve for the down payment and to cover additional expenses such as taxes and home repairs. If you're selling, calculate how much money you need to pay off your debts, cover the costs of the sale, make a profit and/or buy another house (if applicable).

2. Consider Your Personal Situation:

In addition to the financial and economic aspects, take your personal situation into consideration. Are you ready to commit to long-term ownership? Is your family growing and do you need more space? Or are you looking for a lifestyle change? Evaluate your personal goals and how a home purchase or sale fits into them.

By analyzing these external and internal conditions, you can make an informed decision about when the time is right to buy or sell a house. The combination of these factors will help ensure that your decision meets your financial, personal and lifestyle needs. And always remember to seek advice from a professional in the field when necessary, in order to make more accurate and safer decisions.