Coronavirus, a new type of virus that has caused a pandemic\nof global proportions never before seen in modern history, has struck the\ninto the lives of each and every one of us. Some have lost their jobs, others have realised that they have no\nenough savings, and others who were just in the process of buying\nproperty, or were thinking about investing in property suddenly\nfroze. Is it that much of a coronavirus with regard to real estate investing\nbad? Let's look at the facts.<\/em><\/p>\n\n\n\n

The initial 6 weeks\nsince the declaration of the state of emergency by the Slovak government, on 12 March 2020, have been the worst for the real estate market. Nobody suspected,\nwhat the current situation with the spread of the coronavirus could escalate into,\nand so many buyers and sellers alike became more conservative and\ntook a wait-and-see tactic.<\/p>\n\n\n\n

But time has shown,\nthat even coronacrisis with prices\nreal estate did not move<\/strong>, and so once the measures were relaxed, the process\nthe buying and selling of real estate started all over again.<\/p>\n\n\n\n

Pricing\ndevelopment of real estate during the coronacrisis<\/h4>\n\n\n\n

Crisis not crisis,\nthe truth is that people need somewhere\nto live.<\/strong> Real estate agents just needed to find a way to meet the demand\nfor real estate in a way that preserved as much social\ndistance.<\/p>\n\n\n\n

The entire sales\nprocess has gradually moved to the online environment, where many\nproperties we can see the premises through a virtual 3D tour.\nSome offers are accompanied by extensive videos. The buyer is thus able to get\na comprehensive picture of the appearance and condition of the property they are considering buying.<\/p>\n\n\n\n

Despite the negative\nimpact of the corona crisis on the economy as a whole, however we do not see a decline in property prices, which remain unchanged compared to\nthe period before March 2020<\/strong>.<\/p>\n\n\n\n

The market even\nare influenced by factors that could cause prices to move more upwards, and thus allowing property prices to continue\nto grow dynamically<\/strong>. One of these factors is also inflow of new money into the economy<\/strong>issued by the European Central\nBank in an attempt to mitigate the negative effects of the coronary crisis. <\/p>\n\n\n\n

Another factor is\nalso still low mortgage interest rates<\/strong>,\nwhich motivates many people to buy property. Plenty of money in the economy\nwill allow banks to lend more mortgages at\nmore favourable terms.<\/p>\n\n\n\n

Mortgages\nremain at historic lows<\/h4>\n\n\n\n

Current situation\naccording to experts, especially favours buyers who would like to finance the purchase of their\nnew property through a mortgage loan. The reason for this is the change the value of the loan, which will have thanks to\nexpected inflation after the crisis will be lower in real terms<\/strong>, which is for beneficiaries\nmortgage borrowers an excellent starting position. <\/p>\n\n\n\n

Therefore, if you are thinking about investing in a new\nproperty, you have nothing to hesitate about. <\/strong><\/p>\n\n\n\n

On the contrary, you should\nturn the current situation to your advantage and use this opportunity, while\nwhich will not only value your assets and money, but also avoid\nthe rise in property prices that will most likely come right after\nthe crisis.  <\/p>\n\n\n\n

Why is this crisis different?<\/h4>\n\n\n\n

The basic difference\nbetween today's coronary crisis and the 2008 crisis, according to experts, is real estate offer, which is today\nrecord low, <\/strong>while in 2008 it was exactly the opposite and the\nthere were plenty of properties on the market to buy.<\/p>\n\n\n\n

The second difference is the purchasing power of the population<\/strong>which is calculated as the ratio between the average wage and the price\nreal estate. The latter is fundamentally higher today than it was during the crisis in\n2008. <\/p>\n\n\n\n

In the case of\nanticipated suspension of the construction of new housing units but also\nof commercial space, there will be an even greater shortage on the real estate market\nproperty, which should push prices even further upwards. <\/p>\n\n\n\n

We believe that we have given you\nprovided in today's article some interesting facts that are related to\nreal estate investing. And don't forget, the Invest\u00edcia Slovensko platform also offers\ncontinues to offer an investment opportunity in real estate crowdfunding since\na one-off investment of EUR 100. For more information visit www.investiciaslovensko.sk<\/a>,\nwhere you will find all current investment opportunities.<\/p>","protected":false},"excerpt":{"rendered":"

The coronavirus, a new type of virus that has caused a pandemic of global proportions, the likes of which mankind has never seen in modern history, has touched everyone's life. Some have lost their jobs, others have realised that they do not have enough savings, and others who were just in the process of buying a property or thinking about investing in real estate have suddenly frozen up. It's with [...]<\/p>","protected":false},"author":14,"featured_media":842,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"acf":[],"yoast_head":"\n