Real estate is still a popular investment pick. Here's what you need to know about buying in a downturn

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

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bankrupted JC Penney plans to spin its properties into separate real estate companyA piece of J.C. Penney's proposal to emerge from bankruptcy includes spinning its real estate into a publicly traded real estate investment trust. Moratorium 6 manth extand minimum hona chahie ye bahut jaruri hai RBI is topic par bhi dhya den I request for CNBC news Ummm, yeah, because that's what we need... more outdated real estate. Hmmm interesting
Source: CNBC - 🏆 12. / 72 Read more »

Investing in rental properties: tips from a real estate investor - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The billionaires and multiMillionaires who never give a penny or a cent to the fight against COVIDー19 must be named & shamed once the pandemic finally subsides! They get away with paying No tax but they mustn't get away with hiding & hoarding their money during Coronavirus Guillotine time. Make RentControl great again If you can 'retire' young using 'passive' income then your business model is likely hurting someone somewhere & you're not really a contributing member of society grifters PriceGouging TakingAdvantage EndRealEstateInvesting AffordableHousing
Source: BusinessInsider - 🏆 729. / 51 Read more »