Real estate can still be a good investment amid the COVID-19 pandemic. Buying real estate now offers the advantages of potentially getting a better deal through negotiations and historically low interest rates on home loans. However, there are also disadvantages like uncertainty in the employment market and potential project delays or price rises not materializing after the crisis. Technology will play a larger role going forward in contingency planning and data-driven decision making during situations like pandemics, and more people may invest in tangible assets that provide safety and security like owning a home.
4. HOW A REAL ESTATE CAN BE AN ASSET AMIDS
COVID-19?
ADVANTAGES OF BUYING DISADVANTAGES OF BUYING
You may get a better deal, through
negotiations.
Employment market is uncertain.
Layoffs are happening across
industries.
Home loan rates are at the lowest
between 7.20% and 8.05%
You may run out of liquid cash.
Real estate is the safest investment
right now.
Project delays are imminent.
You can opt for deals with 100%
refundable booking amount.
You may have to make a decision,
without visiting the site.
Once the lockdown is over, you can
rent out the property to pay-off the
EMI.
Price rise may not happen after the
crisis. Under-construction property
will burden your finances.
5. Real estate after the COVID-19 pandemic
Technology will play a big role in building contingency plans and
providing data-driven decision making in situations like COVID-19
People will be more interested in investing in things that have a
tangible effect on their safe-keeping.
Those living in rented accommodations, have realized the safety and
security of living in ones own house.
