Reasons to Invest in Real Estate during Covid-19
Life has seemed to stop. Since the time Covid-19 arrived, people have remained in their homes, leaving their jobs, not being able to attend school or college, stopped eating out, in short, almost everything had to pause. One thing that still continued, despite lockdown , was the real estate business.
Real Estate Business:
Real Estate is a business of property that mostly revolves around buying, selling, renting and leasing of land and other forms of properties such as commercial, industrial and residential. This is a type of venture that continued to grow over the past two decades. Now the question arises, would it be safe to invest in this venture in such testing times? The answer is a definite yes!
Now let’s list down some reasons why you should invest in real estate:
- Market Never Crashes
- Shift to Online Applications
- Long Term Financial Security
- A source of income
Market Never Crashes:
Despite the dreadful pandemic, it is one business which continues to prosper as people can never stop looking for homes, malls and other types of estates. When it comes to residential real estate, a lot of people bought new homes and rented suitable ones for them during COVID. This is why it has been proved that the market never crashed in the field of property. For instance, a leading real estate company named Regency Marketing made a fortune in such times by selling more than 300 plots and being rewarded with prestigious prizes like Audi E-tron.
Shift to Online Applications:
Another advancement that took place during the epidemic was the shift towards online applications. Instead of going to property offices, people started taking online consultations with realtors from reputed real estate companies. For example, in Pakistan, people started making use of Zameen.com or OLX for house hunting, etc.
Long Term Financial Security:
To have an asset with you results in securing your future financially. Having a roof over your head will not only provide you with shelter but will also offer financial freedom. In addition to that, if you ever intend to sell your property for a monetary emergency, you will immediately receive a considerable amount of money.
A source of income:
If you have purchased a residential or commercial unit and you want to make money out of it then you can put these on rent and earn monthly rent from them. Park View City Villas are the best choice for new investors, who want to purchase housing units at affordable rates. Many people have bought these villas either for selling or renting purposes.
Conclusion:
These are 4 reasons why you should definitely invest in real estate even in tough times like Covid-19. Make sure the asset you invest in is legal like Park View City NOC has been approved by the Capital Development Authority (CDA). A society that is legally approved ensures no chance of scam or fraud. Moreover, the value of your asset keeps on increasing with the passage of time, resulting in huge profit!
Please also read our another blog, Seeking Commercial Property Investment in Islamabad
