The Covid-19 pandemic has doubtless cast a dark shadow over the real estate sector and the question on the minds of so many right now is if property is still a good investment in 2020. The natural tendency is to answer in the negative but for the bold investor with foresight and investment plans, there are still some good reasons to forge ahead with property investment.
So what are the key reasons?
1. This is the best time for those with disposable income to get good bargains for great properties because there are property owners now who are desperate to convert their assets to cash in order to be liquid. It is definitely therefore the best time to pick up the best deals and create wealth in the long term.
2. Real estate is an asset that retains value for an investor in the long term and is also good protection against inflation. For the investor seeking an opportunity to invest in an asset for the long term, property is an asset worth investing in for the long term and especially at a time like this where it is easier to get good deals for great properties.
3. Many investors have backed off on many investment decisions, cautiously observing the economic trends in relation to the Covid-19 pandemic, which means there are more properties for sale than there are available buyers. It is a common fact that where supply exceeds demand, prices are automatically affected and this gives the investor with substantial investment fund the best time to buy great properties at the best prices.
4. For many prospective property investors waiting for an opportunity to buy properties at discounted rates or distressed prices, they just might be lucky at a time as this to buy properties at rates below the ideal market value because some property owners and real estate companies may be forced to sell off their properties at discounted rates or distressed prices just to stay liquid or stay afloat.
When you consider the key reasons above, you will agree that property is still a good investment in 2020.