Buying a home
"In most historic recessions, the property market has either remained largely resilient or was only impacted across certain real estate sectors," noted Dhruv Arora, CEO of digital wealth manager Syfe.Notwithstanding the short-term difficulties of conducting in-person viewings, that means that now remains a reasonable time to think about buying a home once cities and states reopen.
"Transactions will start rising again in coming weeks but are still likely to be sluggish compared to late 2019/early 2020," he said. "We're already seeing a pick-up in recent weeks, with new 'for sale' listings rising the past few weeks and rising enquiries on Domain from potential buyers." As with residential homes, buy-to-let properties suffer the same logistical hurdles right now in terms of conducting viewings and processing sales.Commercial real estate, which encompasses the hard-hit hotel and retail sectors, potentially poses the biggest risk for investors., with hotels & resorts and retail spaces down 48% and 40%, respectively.
Sectors with "strong fundamentals," such as industrial, residential and specialized real estate, show particular signs of resilience, said Arora. Meanwhile China — initially at the forefront of the outbreak and now leading the charge on economic reopening — offers cues as to which sectors thrived under the pandemic, chiefly health care and logistics.
MakeIt Nooo
MakeIt Cash infused companies are keeping the real estate market up in areas. Downturn needs to be more severe in order for any real bargain in property to come up. It will be a miserable time if it comes to that.
MakeIt Can you qualify for a mortgage on unemployment?
MakeIt 1. Wait for the actual downturn.
MakeIt Especially when CCP investor are looking to unload their foreign assets which they had flipped while driving up demands and properties price.
MakeIt Wait for more checks from the government is what I planned. They need to hurry up and give me more. DemsAreCorrupt DemsAreDestroyingAmerica
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