Real estate is holding strong among citizens who see it as the best way to invest.
It’s no secret that we choose real estate over stocks, but polls show that many others feel the same way. Of the polls, 35% chose real estate as their preferred method of investment while 21% chose the stock market.
Real Estate Top Investment Choice
Real estate has been named the top investment choice for the last five years. The latest stock market called off many people away from stocks, and for the time being, into cash & Gold. 17% are putting their money into savings accounts or CDs while 16% are choosing gold and 8% picked bonds.
Stocks have typically been a top choice among wealthier individuals, but the percentage of high-income folks who choose stocks tumbled from 40% in 2019 to 31% now. Low income investors are the least likely to choose stocks, and many more felt that way for the poll.
Stocks still have a big stake in the market portfolio, however. Survey shows that more than 50% of citizens still own some stocks while the other 50% continue to believe real estate is a superior long-term investment to stocks or other investment options.
Investment Opportunity During the Pandemic
The housing market crashed months ago. The unseen crisis led to an increased demand for rentals, and with dirt cheap prices on homes, it was easy for investors with cash or credit to become landlords. Around the festive season, the housing market is more stable and real estate experts are not predicting another crisis, but rental demand is still there and buying now could give you some advantages.
For one, you may find a few deals out there. With one in five citizens out of work, there’s bound to be some motivated sellers. You may also have fewer inspection and appraisal circles to jump through to get the deal closed, but it could be harder to find a loan. When it comes to finding your tenants, landlords and property managers will be able to determine whether an applicant has job security during this crisis.
Many real estate pros expect a surge in real estate sales once the pandemic danger is over. If you are in the market for a property, you might not want to wait until those floodgates open.
To make the right Investments in a Villa or an Apartment in Goa / Mumbai get in touch with us:
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