Real estate is of 4 types residential, commercial, industrial, and land real estate which includes new construction, resale homes, shopping centers, medical, hotels and offices, and many more.
During this COVID 19 pandemic, the price chart for real estate is being decreasing day by day it means as compared to some previous years taking the example of the year 2016 the price point for real estate was constant but they are now on discounted levels.
So this is the right time to put a hand in real estate.
In current conditions, if we look into markets as such the markets are really low and subtle. Recession due to the Covid19 situation has led to a continuous drop in the stocks. Many people think the same about Real Estate. While considering the facts the real estate markets have risen up during the last 5 recessions. Also, during pandemics and recessions, there are fewer competitions in buying properties.
There are great opportunities in these times to buy and rent real estate. You could gain a good profit if you invest precisely and smartly. There are great opportunities if you have good knowledge about investing in real estate. You may consider the following key points while investing in a real estate during this pandemic time:
1. Look out for market opportunities:
The market depends on the population growth and availability of jobs. After the covid19 situation, some of the markets will also shift towards micro-tech, healthcare, bio-medicines, etc. hence it is important to consider these aspects too.
2. Economic effects:
Avoid areas that have been affected economically during this recession. These areas are a lot of risks to invest in.
3. Jobs’ perspective:
Where will the jobs return and what will be the trends of these jobs. Will big industries invest here or not.
4. People’s perspective:
Will people like to return and settle in the area you are planning to buy real estate in? This is a major concern regarding population growth and job perspective too.
5. Now, any user want to invest in a home then he/she should go for it as interest rates are at an all-time low and due interest subvention of (30 % approx) allows affordable house buyer to obtain home loans of tenures ranging from 15 to 20 year at interest rates which are effective as low as 6 percent.
6. The most important point from the eye point of traditional people’s real estate confirmed to be an appreciation as well as the right choice you make ever because it is something viewed as ‘Atam-Nirbhar ‘ which is not just a long term investment but it also shows you settled down properly.
As time always revolves around us so there may chance in a hike of price so this is the right time to go with real estate if you want to be ‘Atam -Nirbhar’.
Providing the best solutions to all the above questions Anshul group has always come up with unique and better options.
For more information do visit: https://anshulgroup.com/
Contact us : +91-2025533040 / +91-9561108080 / 020-25533050
Address: 4th Floor, Bonita, CTS No. 1187/16, Plot no 549/15, Vasantrao Deshmukh Path, Off Ghole Road, Shivajinagar, Pune – 411005.