The Covid-19 pandemic has impacted most of the industries across the globe. The operations in the real estate sector have also been affected big time, and the buyers and investors are keeping a close eye on the proceedings. However, even in the current circumstances, real estate can be the safest investment option for many reasons.
For most of the Indians, owning a home is considered a necessity. But, in the last few years, the sector has been witnessing a sharp decrease in demand. The buyers have been reluctant to invest in real estate with higher rates of interest on home loans and changing market dynamics.
Amidst the rumours of second nation-wide lockdown due to Covid-19, things are getting worrisome for the general public. The growing fears of irreversible recession and economic crash are yet again shifting the consumer focus. People have started to inquire about the real estate properties as they view it as the safest option of investment in uncertain times.
The ownership of the house brings a sense of security with several other options going bankrupt. Some of the capital holders don’t even seem to be trusting the banks anymore with many of them winding up their operations or closing some of their branches. The ongoing weakness in the equity markets is further aiding the sentiment and reviving the consumer interest in the real estate sector.
The best thing about real estate is that it is an asset which can be held tangibly, unlike paper money, which is currently in danger of being wiped out. Even if it doesn’t guarantee return on investment, it guarantees 0 percent loss, or probably a very minute percentage of loss in a terrible market condition.
There is hardly any doubt or difference of opinion among the realty experts that the post-pandemic world will be good for the real estate sector, if not great. Financial security is the most important thing for almost all human beings and real estate certainly ticks that box comprehensively.
