Platinum Market Watch by Niki Thomet 2 - Flipbook - Page 10
Platinum Coast
Residential Market Report
Why Pay Rent When You Can Build Wealth?
It’s the kind of question most people ask in the current real estate climate. Currently, mortgage rates are so favourable that the
cost of homeownership is often significantly lower than renting a comparable property.
Just two years ago, the landscape looked very different. At that time, renters held a distinct financial advantage, with five-year
fixed mortgage rates averaging around 3%. Today, those rates have been nearly cut in half, making the case for homeownership
more compelling than ever. When you consider the additional benefits of owning - such as the ability to personalize your space,
the prestige and stability of ownership, long-term value appreciation, and the peace of mind that comes from avoiding sudden
lease terminations - it’s clear why demand is rising.
This trend is especially pronounced in sought-after areas like the Platinum Coast
(left shore Lake Zurich), where apartment prices increased by an average of 0.7% in Q1 2025.
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