Since the outbreak of the Covid pandemic, there have been significant trends in real estate. The best thing buyers and sellers can do is take the necessary precautions and be willing to adapt to further changes. This can ensure you don’t get negatively affected where you can face massive financial losses.Before the pandemic outbreak, people could predict any real estate changes making it easy to make purchase or sell decisions. Throughout, properties were highly affordable. A person could start saving, and in the third or fourth year, they would buy a house because property prices have always been predictable.
Factors that have always affected the property’s pricing include increasing a property’s value and changing interest rates. Post-Covid has made it hard to predict property prices. Although the government has put in the needed effort by reviewing policies to help the real estate industry, no one seems to know what will happen in the future. Unstable property prices have made people make huge investment decisions at once, where some have withheld making any purchases. However, PropertyGuru Group reveals that most Singaporeans are still optimistic with the current state of real estate. Some are still planning to buy and invest in real estate in the coming years.
If you’re interested in this phenomenon, please take a look at the following infographic. It shows the latest research into how Singaporeans are making plans to invest in real estate despite the instability of prices due to Covid. The infographic makes it easy to understand this tricky concept and provides all the details on how Singaporeans are satisfied with the current government policies, and their optimism in real estate future prices. Check it out below.
Infographic designed by PropertyGuru Group
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