Homebuying and the Effects of Covid

Effects of the Covid pandemic are being felt globally. From how people live, work, and socialize. The pandemic has also affected the global economy. It has touched significant parts of the economy such as real estate investments, banking and finance, the manufacturing sector, and the hotel industry. It has also affected how service industries operate.

Sadly, there’s nothing to do. All people have to do is keep on finding better ways to manage and control the situation. The future is untold, and with the new strains of the Covid virus that are spreading, it seems like nothing will go back to normal any time soon.

Before countries went into lockdown, things were much easier, especially in the real estate industry. It was easy for someone to make an investment decision with the help of PropertyGuru. However, that is no longer the case. Nothing is as easy as ABC.

It is more difficult than ever for a person to decide what price they should sell their house at. Before, one would estimate how house prices would increase in the future. Now, you can never be too sure about selling prices. Depending on the value you choose, you might attract or repel buyers.

Also, many people have lost their jobs and are opting for a cheaper way of life. So long as they can afford to live a comfortable life, they will accept houses with fewer facilities to pay lower prices. Others are not sure whether they intend to make any investment decisions any time soon.

If you’re interested in this phenomenon, please take a look at the following infographic. It shows the latest research into property investment in the new Covid era. The infographic makes it easy to understand this tricky concept and provides all the intellectual tools you need to make better investment decisions for your family. Check it out below.

 


Infographic designed by PropertyGuru

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