How COVID-19 will affect Real Estate in Philippines
By: Lourdes Maat
March 28th, 2020
Real Estate crisis, covid 19, NCOV, Investing in Real Estate 2020.



 

"Embrace the Change"

The 2008 housing market collapsed was a nightmare for homeowners, but it turned out to be a boom for some real estate investors. When a recession hits and home values drop, it may be a buying opportunity for investment properties. If you can rent out the property to a reliable tenant, you’ll have a steady stream of income while you ride out the recession. Once real estate values start to rise again, you can re-sale at a profit.

Top 5 Reasons why need to invest in Real Estate during world crisis, to wit:

Remember, When there’s crisis, always Buyer’s Market, meaning Buyer’s/Investors has a chance to get value for money properties either for end-use(family home) or for investment(rental or re-sale), take advantage!

Crisis always gives sellers(Agents) buyers and investors new opportunities, Here’s why:

  1. For sellers (Agents) to sell quality projects at an affordable terms of payments since Developers are giving promo terms & higher discounts, start to offer it to your lists of buyers!

  2. For buyers (end-users) to acquire a Family real estate property in an affordable terms, lower reservation fee & they can avail higher discounts.
  • And if you’re renting right now, It's time for you to get a rent to own space since Developer’s are offering it now for their RFO inventories, Why? After this recession interest rates will be higher to get back their lost target profits or ROI. Best time to get bank financing for lower interest rates, be pro-active with the present change.
  1. For investors who would buy bulk units for rental or re-sale they can negotiate higher discount & affordable terms of payment.
  • If you have cold cash, now is the best time to negotiate higher discounts on outright DP or Cash term because often Developers are in need of cash in hand. Time to find great bargains!
  1. Remember crisis will end! Economy just works like that. Now that you have already purchase a Real Estate you can either use it as your home or an investment. rent it out! Real Estate is a long term investment.
  1. If you buy/invest @ the right property, right price in the right area/location, your investment will perform very well — even when a recession strikes. Definitely Economy will strikes back so you have to be ready.

Real Estate has the ability to both increase in value as well as produce cash flows from rental income or mortgage interest.

 
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