Real estate is the new “oil money” as it is no longer news that global oil prices have plummeted greatly.
A close look at COVID-19, post COVID-19 era and its ripple effect on the economies of the world show that the best place to invest in now is real estate. Robert Kiyosaki opined that real estate investing, even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth. World economies are starting to bend beneath the weight of a pandemic that has changed the way we live our lives. First world country and
Europe’s largest economy with a gross domestic product of about four trillion dollars has entered recession as its economy grinds to a halt. The European commission has projected that the European union economy will shrink by 7.4 percent this year, the worst recession in its history.
Against this backdrop, it has become important to position for a less brutal hit from a global recession that looms and to diversify and get multiple streams of income. Industry analysts have stated that real estate is a good investment option because of its predictable cash flow, less volatile nature and its many advantages over stocks or several kinds of investment instruments. Experts noted that despite the season or circumstance, housing is the bedrock of the economy as its presents an opportunity for individuals to chart their financial course such that the more people the sector can get on the property ladder, the better it is for the economy.
Instead of applying a “sit-watch-and wait” approach, it is important for all and sundry to note that real estate is the new gold mine. As the world suffers the heat of the pandemic and even in the post COVID-19 era, being a home owner will be both an investment and a solace. Also investing in industrial property for food production or processing, health care facilities, logistics and data centers like Amazon, Zoom, Netflix and other essential services will be highly rewarding as these businesses are booming economically now. Considering the close link between the health pandemic and a looming hunger pandemic, the time to invest in agriculture is now and land being the first factor of production is of topmost priority, be it for planting or rearing of animals.
Real estate is the future. Investing in real estate most especially for commercial purpose, is one of the best ways to secure the future as the ever increasing population puts a constant demand on housing facilities. The time to act fast and smart is now.