What can we expect of property investment after the pandemic?
As many countries begin to ease lockdown restrictions and reopen businesses, experts are trying to gauge the long-term impact of Covid-19 on the overall economy as well as a variety of businesses. It is no secret that the pandemic brought about plenty of rapid, short-term impact, but for the property investment and real estate sectors, the good news is that the long-term impact appears to be minimal.
Why do we think the long-term impact appears to be minimal?
The property investment and real estate market has always fluctuated due to various global events, economic downturns and hardships. However, eventually the market does bounce back. For example, Real Capital Analytics states that investment volumes across Southeast Asia plummeted at least 62% in the first quarter of the year. While the short-term effects have proven problematic to property investment, the long-term impact will not be that severe.
So, what’s the good news? Despite the favorable forecast, currently property prices have dropped slightly. Therefore, this is the best time to make an investment. Some of the Phuket Holiday Services projects are offering huge discounts valid until the end of June 2020. This window will not last long, so now really is a great opportunity to take advantage of the best deal ever.
Why is the forecast for the sector so favorable?
Property investment and real estate continuously offer good risk-adjusted returns. Now is the time to have a clear investment strategy and to put a plan of how to manage risks in place. Property will be a great long-term investment after the pandemic as prices and interest rates are certain to be low and affordable.
The varied portfolio of Phuket Holiday Services features a high yield guarantee for 15 years, which also includes no maintenance fees, no utilities charges and no sinking fund. Other value added services include VIP owner cards which offer free daily shuttle services and advantages within various group activities.
Phuket Holiday Services also offer rental guarantee and other lucrative programs for when you decide to invest in Phuket. Combined, this is all very appealing, even despite the current pandemic situation.
The global commercial real estate services organization, Collier International, has also been noted as saying that they believe that the long-term impact of Covid-19 on property investment and real estate will be minimal. Once international borders are open, and the world begins to travel again, there will be an influx in the economy like never before. Once the economy upturns, we predicts a swift recovery in property investment and real estate which will begin at the end of 2020 and much higher estate prices into 2021.
Thailand is making wise choices.
Currently, Thailand is making wise, cautious choices and staggering the reopening of various businesses in the country. It is a wise time to do a bit of research regarding property investment and real estate investment opportunities within the Kingdom. With so many different investments and options to choose from, at Phuket Holiday Services we’re offering the best in the market.
Despite the current situation, we will travel again. As the world slowly opens up, it is good to have something to look forward to. Focusing on a dream home on the island of Phuket will certainly lift your spirits. Even remotely, the purchase of property is possible online. For further information or to inquire about available properties in Thailand, contact Phuket Holiday Services at firstname.lastname@example.org.