One emotion the COVID-19 pandemic has revived throughout the world is that of uncertainty. This uncertainty is very visible in the economy as well, due to which a financial crisis, more severe than the existing one, is anticipated in the near future.
However, the need for shelter in these difficult times has rendered the investment in real estate the new normal. So that, in a time when the stock market and other assets are highly volatile, the old-school investment in property is the best kind of investment that can be made.
Reasons Why Real Estate Investment Is a Smart Move During COVID-19 Crisis
Here are a few reasons why real estate investment should be on your to-do list right now:
Less Volatile: It goes by rule that although real estate does not offer a very quick return, it is some solid investment to rely on. And precisely because of this, it is less volatile than other assets in times of great confusion and economic distress. Therefore, this is the best time to invest in properties in Jaipur or anywhere else in the country for that matter as the industry is witnessing one of the lowest interest rates in years.
Cheaper Home Loans: Another reason to invest in affordable homes in Rajasthan and other states of India is that the home loans are presently being offered at very low-interest rates. If high-interest rates were the reason why you had refrained from procuring a home loan for properties— ranging from luxury flats in Jaipur to a simple, 2BHK flat in Jaipur— now is your chance to bag the opportunity of getting the cheapest home loans.
Need for Security: There have been several cases in the past months in which tenants were thrown out of their rented properties by their landowners either because they were sick or because they worked in the healthcare sector. Coronavirus has highlighted the need for secure shelter from which no one can evict you.
These are only one of the many reasons why investing in properties is your best bid right now— something even experts and your own instincts concurs to.