Marked by the New Mortgage Law, 2019 was a year that closed with positive property sales figures, even though it was below 2017 and 2018.
The year 2020 was predicted to be a year of 'moderation' for the sector. Something that, at this moment, all experts agree to describe as "uncertain" due to the impact the pandemic is having on the stock market. It is still early to know the long-term economic effects on the real estate sector due to the Covid 19 crisis, but some experts are already talking about the business opportunity in this sense.
In this context, almost all experts are beginning to point out a downward adjustment in prices, which will be especially noticeable in the second-hand market and in rentals. For some, the current situation translates into the real estate market as "a safe haven", the safest investment alternative in a context of financial instability like the current one.
At the moment, many investors are already preparing to locate these offers, which could start to become reality in the coming weeks. It may still be too early, but now that we all have more time, it is surely a good time to start searching and locating the property that interests us in case it decreases in price in the not so distant future.
For more information, contact a real estate professional.