The dilemma between renting and owning
In Spain, the question of whether it is more advantageous to rent or buy a home remains a topic of lively debate. Amid the ongoing rise in property prices and growing challenges in accessing homeownership, many families are faced with a difficult choice. Financial analyst Natalia de Santiago recently shared her perspective on the issue in an interview, noting that there is still a bias against renting in the country.
According to her, paying rent is just as legitimate an expense as any other cost related to ensuring decent living conditions. She emphasizes that living in the right place brings significant value, and therefore rental payments should not be seen as a waste of money.
Buying property: not a one-size-fits-all solution
De Santiago points out that many Spaniards traditionally regard property ownership as the only right option. However, in her view, this decision depends on individual circumstances and life stage. The expert advises taking into account not only personal preferences but also demographic trends, which could significantly change housing market demand in the years ahead.
She pays special attention to the risks associated with early property purchases. In Spain, it is common for people to buy an apartment at a young age, which, according to the expert, may limit professional and educational opportunities. Being tied to a long-term mortgage can make it difficult to change jobs or relocate, which is particularly important for young people still searching for their path.
When buying becomes justified
The expert notes that the period between 40 and 50 years old is the most suitable for acquiring one’s own home. At this stage, she believes, financial stability and approaching retirement age make property ownership more reasonable. Owning a home becomes a tool for ensuring future security.
At the same time, de Santiago emphasizes the importance of thoroughly analyzing each case. She advises viewing a purchase as a long-term investment rather than a means to quick profit. If you plan to live in the apartment for less than five years, buying may not be worthwhile due to associated expenses. The expert recommends choosing housing based on real needs and financial capabilities to avoid excessive debt burden.
Long-term prospects and personal circumstances
In conclusion, Natalia de Santiago advises a thoughtful approach to buying real estate, taking into account not only economic factors but also demographic changes in the country. She notes that for many families, renting may be the best option, especially in the early stages of life. In her opinion, purchasing a home is justified only when there is a stable income and a clear understanding of one’s long-term goals.
