Why Should You Invest in an Apartment in 2022?
Post by : favouritehomes
Buying a home is a money-intensive affair and needs considerable planning. It isn’t like buying groceries that you can purchase at the drop of a hat. Aside from this, there is a lot that the COVID-19 pandemic has taught people who weren’t homeowners. The need for security and a roof to call their own was one of the important lessons taught by the pandemic.
With the virus-induced lockdowns finally showing signs of letting up and businesses opening, the real estate industry is also beginning to look up. The outlook for 2022 is a positive one as there are many factors pushing for growth in the realty sector. Even though H1 2021 witnessed a slump in the real estate market along with other industries, Q3 was when the storyline started to change for the better.
With inventory having built-up over the successive lockdowns, investor sentiments are now changing and 2022 is witnessing an unprecedented demand for apartments. All the stalled projects are also nearing completion, implying that 2022 is going to be the year of surplus apartments in all categories.
Real Estate Post-pandemic
Just like other industries, real estate was also not left unscathed by the pandemic. With unsold inventory build-up, new projects announcements are fewer as builders concentrate more on quality in terms of best construction standards and raw materials used.
The pandemic has shown that real estate is the best form of investment option. The need for a home of one’s own is the paramount from of security for a family, and this has been amply pushed home by the pandemic. Aside from being an asset that gives guaranteed returns on investment, ownership of a home also provides a safety net for the family in difficult times. Hence, more people are considering buying homes in 2022 than earlier on.
The fact that housing loans are offering interest rates at an all-time low makes it one of the top reasons why 2022 is the best time to invest in an apartment.
Hence, a dip in real estate pricing, low home loan interest rates and an unfolding economy, makes 2022 the year to buy quality homes at prices that get homebuyers smiling!