Is Real Estate A Great Investment After This Pandemic?
Real estate has always been considered a safe investment.
The case is not different in the case during this pandemic period too. There is more than one reason for considering real estate a great investment after this pandemic. Buying a property is the most prudent investment option now. The immovable asset can provide you with constant income if you rent it out and be your stable investment choice. Numerous persons have been acquiring flats in Kochi in the recent past. The city with its “trending city” tag has been a real investor’s safe bet.
In this blog post we are looking into the topic ‘Is Real Estate A Great Investment After This Pandemic?’ The reasons for considering real estate a better investment method are deliberated in the succeeding paragraphs.
Is Real Estate A Great Investment After This Pandemic?
Stable Value
Property has a steady or rising value compared to most of the other investments. The volatility in sectors as a share market is not there in real estate. Hence, you do not have to be concerned too much about it.
Real estate does not require in-depth knowledge
You can choose a location or property of your choice and invest. You need not be a market pundit to invest in real estate. That itself is an important aspect considering all the other investment fields.
Tangible Asset
Property is a tangible asset with increasing value. It is different from other intangible investments.
Schemes to Enhance Economy
COVID-19 pandemic has adversely affected the business sectors across India. The nation-wide lockdown, measures to prevent the spread of the pandemic and reduced business activities has resulted in an economic crisis.
The central government has announced various plans to boost the economy. The measures implemented towards encouraging financial growth are expected to pave the way for improvement in GDP of the country. As known, growth in real estate is directly proportional to growth in GDP. Therefore, it is the right time to invest in a property.
It Is the Right Time to Buy Your Dream Home
You might have been dreaming of buying a home for long. The increasing prices, raised interest rates and inability to find a property at the location of your choice might have prevented you from it. Doubtlessly it is the right time to buy your dream home.
Reduced Interest Rates
The Reserve Bank of India has reduced repo rates towards ensuring more financial transactions and thus supporting financial growth. As a result, the banks have reduced interest rates for home loans. You can obtain home loans at an all-time low-interest rate.
Competitive Market
Sales of properties have been the lowest in this pandemic period. Since people have resorted to playing safe due to uncertainty regarding the future. Real estate firms are competing with each other to sell as much as property possible. Therefore, you can get the best property at a reasonable price.
Safe Investment for Future
Real estate could be the safest investment for the future as well as for constant monthly income.
Kerala the best place to Invest
Kerala is the best place to invest in the country. The safe living conditions, best climate, serene surroundings and tolerant society are some of the exclusive features of the state. It considers everyone equals irrespective colour, caste or religion. A few of the other aspects that make Kerala the best place to invest are enumerated in the following paragraphs.
Education Standard
Kerala is the first state in India to achieve 100% literacy status. The state has the best educational infrastructure in India, with numerous schools, colleges and academies. Your child’s educational development is assured in Kerala. Therefore, the number of people opting for settling down in Kerala will see a further rise in the future.
Better Health Infrastructure
Kerala’s health infrastructure includes hospitals and clinics from both government and private sector. The state has performed exemplarily in controlling the pandemic. Although the number of COVID-19 patients has increased due to the influx of persons from abroad and other states, Kerala is performing better than most of the other states in India.
People will obviously settle in a place with good hospitals and medical establishments. So that they do not have to worry in case of any unfortunate occasion of health issues. This another aspect that makes Kerala the right real estate investment option. Flats in Trivandrum, Kochi, Kottayam or Calicut could be ideal.
Infrastructure Development
The infrastructure development has been on a positive note since that last decade. The arrival of Kochi metro is one of the ample examples for proving this fact. New roads, bridges and bypasses are also being constructed across the state.
Tolerant Community
Kerala is the epitome of unity in diversity. You can have a safe and pleasant stay in the state. People around the country have lauded this. Add to this the latest news of a US citizen moving the high court to settle down in Kerala. As he does not want to return to the US.
The Tail End
Investment in real estate is the best option in the post COVID-19 pandemic scenario. Considering the various places in India, Kerala tops the list for safe real estate investment. The state with the best health, education and organisational infrastructure is investor’s safest choice.
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