Is the real estate market ideal for investment opportunities today? This question persists in the mind of every investor interested in buying residential and commercial real estate across the world.
The world is undergoing a global health crisis during the pandemic and some people do not have the courage for any kind of investment now. The market is struggling to recover from the after-effects of the coronavirusPandemic; however, the real estate market still stays afloat across the globe.
It is currently the first choice for investments for most people in the USA and so if you are anticipating putting in your money in the field, you are making a prudent choice. Now, the question is why?
Gene Bernshtam- An expert in commercial real estate and property development shares his views
Gene Bernshtam is an experienced and skilled professional in real estate and property development in the USA with several years of experience under his belt. In the past months during the coronavirus pandemic, the median house price in the country rose to 8% every year. It reached $280,600 and is evidence for investors who are keen to get into property development and real estate.
Improvements from 2021
Transactions pertaining to real estate are sluggish when compared 2021 due to the coronavirus pandemic. However, experienced professionals and real estate experts are witnessing a growth in the market price and property listings. Sellers of real estate have also seen an increase in enquiries from prospective buyers.
Get passive income from buy-to-let properties
Investors in real estate can get a good passive source of income via rental payments, price appreciation, and price appreciation from buy-to-let properties. These properties are perfect for beginners in the industry who cannot buy a property in the location they want. This trend is prevalent given the current situation caused by the coronavirus pandemic.
Investment opportunities
He observes places where the experience of the labour market offers minimal damage are the most preferred opportunities for investments. Individuals who wish to take advantage of these investment opportunities might wish to buy properties in places where the renter’s market is more consistent. The commercial real estate market will take some time to bounce back especially as it covers the hospitality and retail sectors that are among the most hard-hit economies across the globe today.
Market great for young professionals interested in the real estate market
Young professionals with good finance can take advantage of reduced interest rates and motivated sellers. If a person who does not have a stable income has been furloughed with health insurance with the promise of them getting their work back can buy homes, if they maintain a good budget.
According to Gene Bernshtam, the coronavirus pandemic persists to be a major threat to a majority of industries however, the real estate market is ready to bounce back from the global crisis like it was in the past decades. The market growth and the increase in opportunities have proven real estate property investment is a solid and wise move that a person can take.
