19/05/2020
Is it a good time to buy a property?
With the current happenings occasioned by the emergence of the novel virus COVID-19, this question would get an emphatic "NO" from most people as the fear of the uncertain times ahead prevails...
But if we look beyond Fear, then we would realize that you can never go wrong with buying a property be it for Investment or personal use, and at this time it is even more true. Why?
We would have hit you with staggering statistics and expert analysis and comments such as that of Lawrence Yun (Chief Economist of the National Association of Realtors) who said;
"The temporary softening of the real estate market will likely be followed by a strong rebound, once the quarantine is lifted,
This pent-up demand could eventually push home prices higher. For some people, that means it's a good time to consider buying”
But let’s bring it home;
We were on a Lockdown.
And as we were at home, two things became evident as being sacrosanct in human life; Food and Housing/Home.
Landlords would still demand rent. Coronavirus or Not.
It has been proven over the years to real estate brings better returns than the stock market without as much volatility, this COVID-19 period gave credence to this, even sophisticated investors like WARREN BUFFET lost a lot of money that made him dump much of his shares in the Aviation Industry which was the worst hit!
Real estate gives you more control of your investment because your property is a tangible asset that you can leverage on to capitalize on numerous revenue streams while enjoying capital appreciation.
So whether it is a home for yourself or your family, or it is an investment option in which you will always WIN.
Inbox me if you're interested in buying property in Abuja, Lagos or any part of Nigeria.
