The COVID-19 pandemic brought about losses to everyone’s lives. Many lost their loved ones, career, businesses, houses, and other properties because the economy not just here in the Philippines but all over the world plummeted. I, for one, have stock investments that really dropped and I realized, no businesses are safe during these times. Even the food industry, even if it’s a necessity, I can see a lot of restaurants closing down.
But now that the world is slowly adapting to the new normal and world’s economy is slowly picking up, is it safe now to invest? I asked this myself because if I have extra money, I won’t put it in a bank as savings. Because of high inflation rates, the money won’t grow and it won’t be considered an investment.
Reading up on finance management sites, investing in real estate is the best choice. And if you’re thinking of buying a real estate investment, the time is now.
Real estate appreciates in value
Real estate appreciates in value over time. Now that prices are low because of the pandemic, as what financial gurus said, you should take advantage and buy low.
Lower prices and interest rates because of the pandemic
Because of the pandemic, a lot of real estate companies and banks are offering their properties at more competitive rates to attract more buyers. This is favorable for real estate buyers because lower interest rates means more purchasing power for your money. Who knows, you can now afford your dream house with the current rates banks are offering. You might want to use a mortgage calculator so that you can estimate your loans.
Real estate provides additional source of income
Owning a real estate gives you a tangible asset. With that, you can have additional source of passive income in the future. You can have it rented or sell at a higher price.
The pandemic taught us a lesson, that we must not put all our eggs in one basket. We should all be wise about money and diversify our investments and consider the risks involved not just the returns. Real estate is one type of investment that offers low risk and high returns.
