is Covid-19 good for real estate?
for real estate sellers, it will not be good, in fact it will be a nightmare to real estate developers, real estate agents and other real estate professionals. However, for real estate buyers and investors, it will be a very good opportunity. For elaboration of this stand, kindly watch the video below prepared to you by a very reliable real estate broker based in Baguio city Mr. Roman joe Añoso
the summary of this video are the following.
1. there will be a possibility that the housing loan interest rate will become very low, a very good opportunity for the real estate buyers to mortgage their newly bought properties
2. there will be a possibility that the price of the real estate properties will decrease because of the over supply of real estate projects and ready for occupancy properties
3. there is a low demand of properties causing the property prices to go down and developers to offer good discounts and promos
4. construction finish will be delayed because of the lockdown
5. real estate agents shall utilize the use of internet to reach clients