The COVID-19 Pandemic has turned our human lives upside down. People are facing a tough time across all parts of the world and are finding out ways to come out of the losses that occurred. Now the big time question is if it’s the right time for real estate investment?
The answer to this is – YES.
Surprisingly, the pandemic is offering a great opportunity for investors to invest in real estate.
Let’s explore how-
1. Affordable Property Prices
The financial crisis due to COVID-19 has forced property owners to trade the property at a very reasonable price.
Developers are ready to negotiate to a greater extent for the sake of selling their properties.
You might never get such a good opportunity to own a better property at a minimum price.
2. Real Estate is Your Secure Treasure
Real estate stands as a stable asset and your secure treasure where increasing value is assured with passing time. The stock market is a rapidly changing market where profits and losses are never predictable.
Hence, investing in real estate will safeguard you from all the losses that you are likely to encounter when it comes to other investment options.
3. Exclusive Deals and Offers
The deals and offers the developers are proposing were impossible in the old, normal scenarios. There are several offers including the availability of complementary car parking, easy payment methods, and so on.
So, if you buy a property at this time, you can leverage all such advantages which you may not enjoy after COVID disappears.
4. Reduction in Mortgage Rates
The mortgage rates have fallen to a record low as a result of the COVID-19 pandemic.
The cheaper mortgage rates are working as another fuel source for the investors who are confused about making an investment decision. This means that you may not get such a reduced mortgage rate once the pandemic ends.
These are extensive advantages of investing in property during COVID-19, now it’s time to figure out the best space to buy a property.
City or Countryside – Which one to Select?
The countryside area is the right space to invest in now. How?
We all know, cities are more impacted by COVID as compared to rural areas. Nobody wants to live in crowd-tight areas, looking at the effects of pandemic. Hence, people are leaving the cities and moving to the countryside in search of their health safety.
Plus, you never know, remote work can be the reality for upcoming years.
Believe in Long Future
Real estate is not a sport of making “quick money”.
Every day, new circumstances are unfolding and we don’t know how or when everything will become more stable.
Yes, the short-term risk-seekers have the most maximum to lose. While real estate investors are still holding a good fortune.
If you have scope for liberal investment, investing in the countryside real estate is the ideal thing to do for capital appreciation. Specifically, a vacation home in the countryside is the new sweet spot of real estate.