The COVID-19 pandemic has affected different sectors and businesses around the world. Businesses that seemed untouchable before are now struggling to survive. Many are wondering, is there anything left worth investing in?
People have always turned to real estate as the most viable investment option. But for an event as unprecedented as a global pandemic, many are asking, “Is it a good idea to invest in real estate in the Philippines now?”
Just like every other industry, real estate has understandably taken considerable hits due to the pandemic. But this is precisely why you should invest in it right away.
Here are three reasons why you should invest in real estate now.
Compared to other investment types like stocks or businesses, real estate is more stable in the long run. According to Bloomberg, stocks are particularly unstable since they can easily be affected by economic crises and pandemics. The effects on real estate, on the other hand, are minimal and will not be visible until much later on.
Real estate is a physical investment, which means you can utilize it even if the overall value depreciates.
While real estate may be considerably low right now as compared to previous years, the Bangko Sentral ng Pilipinas (BSP) predicts a strong rebound of as much as 7.8% in 2021. This means now is a good time to invest in land and property. Real estate appreciates in value over time, so grab the opportunity while the prices are still low.
Shelter is a basic necessity, so no matter what happens, there will always be a need for it. The benefit of investing in real estate is the constant demand for it, so if you’re looking to buy a property and sell it in the future, there will surely be someone on the lookout for a home no matter the circumstances.
You can also maximize your real estate investment by having it rented out and serve as a source of a passive income. Depending on the situation of the economy, alongside the basic rules of supply and demand, you can have the property rented out at the current price and adjust it according to inflation as the years pass.
Metrobank can get you started in your real estate investment. Given the ever-present demand for real estate, you can better secure your future through smart investments and financial management. A Metrobank Home Loan enables you to take out up to 80% of the property’s appraisal value for a minimum loan amount of PHP 500,000 with a loan term of up to 25 years and interest fixing period of up to 5 years.
Visit our website for more information on the Metrobank Home Loan.