Three Reasons to Invest in Real Estate During a Pandemic1 April 2021
This pandemic season is wreaking havoc on people all over the world. With all of the global lockdowns, economic recessions, and panic buying, people are in a constant state of confusion about what to do and how to prepare to remain safe and stable in these crazy times. Some investors even say that it is not the best time to spend on any form of investment types due to risks and volatility.
But just like what the investment legends say, there is always a silver lining in every cloud. Yes, they believe that we can still turn this situation to our advantage through investing in the real estate sector. Unlike other investments like stocks, bonds and cryptocurrencies, they have felt the impact of this global health crisis.
Important Reasons to Invest in Real Estate During Pandemic Era
Most of us might have doubts when it comes to investment decisions, especially for the first-timers. Well, no worries. Industry experts expressed their optimism about the increase on demand in real estate investments these days.
Do you want to know why?
Here are the three reasons why real estate industry experts think that house hunting is best to do some investing during the pandemic:
1. Real Estate Industry Offers Low-Interest Rates
If you like to read about some home investment tips, you might be aware that bank interests now fall to the lowest percentage below 7% this year. This is way too lower than the 10% interest rate that the bank offered in 2019. Wow, it's such a better deal for homebuyers! Well, that's a great reason to buy a house and lot to kickstart a real estate investment now.
2. Reduced Property Prices in Real Estate Market
They say that economic uncertainty and recession is one of the most tragic conditions that happened in this pandemic. But industry experts would like you to grab this opportunity to own a house and lot in the Philippines, especially if you plan and dream of owning a dream home for a long time.
Some property prices already dropped to 15% in the real estate market as an effect of the different lockdowns due to COVID-19. Therefore, reduced home prices attract buyers to purchase a property during pandemic. But expect a post pandemic price hike once the global economy stabilizes. So, now is the time that you can have your own space at a much affordable price that could give you more savings on your investment property!
3. Real Estate Investment Appreciates Overtime
Real estate prices might be fluctuating right now but keep in mind that its value "always" appreciates over time. Whereas, real estate is still a stable market and a tangible asset.
Imagine the price of the affordable house and lot that you will purchase in the housing market this year in a post-pandemic era! In short, if you are looking for a great long-term investment, then one of your great choices is to purchase properties.
Endless Opportunities in the Real Estate Sector
Traditionally, investing in real estate is about building constructions or commercial spaces, wherein large investors and businesses can only afford to do so. Not to mention, owning real estate is always associated with high property taxes.
But today, real estate opened a lot of opportunities for many Filipinos. Through the government initiatives and bank loans, one can own their dream home.
Despite the impact of the COVID-19 pandemic, real estate continues to thrive and offer housing packages to aspiring homebuyers. Here's what you can do with your purchased properties.
Turn them into rental properties.
People will still need a place to live regardless of the economic condition and financial status. If they cannot afford to own a house, they can always look for rental properties to save money. Hence, you can convert your home property as a house for rent. As a positive result, you can earn money from rental payments which you can use to pay for your amortization or other living expenses.
Place your property to sell into the market.
For some reasons, you need to move out of your property because you found a better opportunity. You can always sell your home but in a higher price. Thus, you also get profitable revenues from placing your property into the market.
Stay and retire.
Isn't it fulfilling if you have achieve your retirement plan through buying your own home property? Having your own place for retirement can give you peace of mind, knowing you'll not be homeless or living with your extended families when you get old.
So, opt for a residential community that offers better features. Choose a home with complete facilities, environment-friendly, and has a proximity to your home essentials. Make sure it is spacious enough for you to move around easily.
Wondering where to buy an affordable house and lot unit for your investment?
Lumina Homes is one of the top real estate developers in the Philippines that offer value-priced housing segments to homebuyers.
Since August 2012, continue to provide durable and affordable house and lot units to Filipinos that are crafted to withstand the test of time and any disaster. In here, you can have the pride of homeownership with its self-sustaining community.
In Lumina Homes, you can utilize their amenities such as community hall, basketball court, mini gardens and playground, and commercial areas to be used in the near future.
Lumina's best thing is you may check the available house and lot for sale digitally through their 360-degree virtual trippings. You can also choose and make your reservations online through . This is like a one-stop site where you can make your home reservations and pay through their available payment channels like GCash, debit or credit card, or even over-the-counter transactions.
Grab this chance to have a house and lot investment, get a long-term passive income and win over the pandemic craze! Talk to our nearest Lumina accredited seller today for more info about our housing packages and where our residential communities are located at.
Try Lumina Homes' loan calculator and get an estimate computation for your preferred Lumina property and home model.