{"id":614,"date":"2020-05-19T13:24:29","date_gmt":"2020-05-19T12:24:29","guid":{"rendered":"https:\/\/www.propertyunder100k.com\/blog\/?p=614"},"modified":"2020-05-19T15:59:17","modified_gmt":"2020-05-19T14:59:17","slug":"how-covid-19-affects-house-prices","status":"publish","type":"post","link":"https:\/\/www.propertyunder100k.com\/blog\/2020\/05\/19\/how-covid-19-affects-house-prices\/","title":{"rendered":"How Covid-19 affects house prices"},"content":{"rendered":"\n<p>Experts are far from agreeing how Covid-19 affects house prices. Most pros advise\ninvestors to stay calm.<\/p>\n\n\n\n<p>There is no clear answer to the question of how the prices for residential or commercial real estate will develop as a result of the Covid-19 pandemic. <\/p>\n\n\n\n<h2>House Prices Forecast<\/h2>\n\n\n\n<p>The forecasts range from price drops of up to 25 percent to stable prices and even further rising rents to further price increases. <\/p>\n\n\n\n<p>We are currently in a situation that never happened before therefore it is\nvery difficult to predict the outcome as we cannot compare it with any other\ntime in history. There is one thing though experts agree on which can be\nsummed up in the following quote<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>\u201cThere is only one thing certain and that is that nothing is certain.\u201d<\/p><cite> \u2014 Gilbert K. Chesterton <\/cite><\/blockquote>\n\n\n\n<p>House prices forecasts are for this year or a maximum of twelve months. Afterwards, the experts seem to agree, the prices tend to go up rather than down. All on the premise that the recession will be overcome by 2021 at the latest. Nobody speaks of a price bubble that could burst. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"677\" src=\"https:\/\/www.propertyunder100k.com\/blog\/wp-content\/uploads\/2020\/05\/house-prices-covid-19-1024x677.jpg\" alt=\"\" class=\"wp-image-620\" srcset=\"https:\/\/www.propertyunder100k.com\/blog\/wp-content\/uploads\/2020\/05\/house-prices-covid-19-1024x677.jpg 1024w, https:\/\/www.propertyunder100k.com\/blog\/wp-content\/uploads\/2020\/05\/house-prices-covid-19-300x198.jpg 300w, https:\/\/www.propertyunder100k.com\/blog\/wp-content\/uploads\/2020\/05\/house-prices-covid-19-768x508.jpg 768w, https:\/\/www.propertyunder100k.com\/blog\/wp-content\/uploads\/2020\/05\/house-prices-covid-19-1536x1016.jpg 1536w, https:\/\/www.propertyunder100k.com\/blog\/wp-content\/uploads\/2020\/05\/house-prices-covid-19.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Corona would at most lead to a cycle break, meaning a temporary interruption of the general upward trend.<\/p>\n\n\n\n<h2>Real Estate is \u201cconcrete gold\u201d &#8211; a rather safe investment<\/h2>\n\n\n\n<p>Although the price boom we saw before covid-19 would be a thing of the past,\nreal estate seems to stay a rather safe investment compared with other ventures.<\/p>\n\n\n\n<p>Researchers cite five factors for their forecast of short-term price declines: rising interest rates, less influx into booming cities, emergency sales due to less liquidity, for example among freelancers, fewer new buildings and less demand from investors.<br><\/p>\n\n\n\n<p>The good news for home owners is that we currently have no indications of falling house prices.<\/p>\n\n\n\n<p><br>Capital investors who were interested in buying an apartment before the epidemic are advised to simply pursue their plans. Residential properties still offer relatively good returns.<\/p>\n\n\n\n<h2>Conclusion<\/h2>\n\n\n\n<p>People need to live somewhere. Even if some who were planning to buy a\nhouse can\u2019t do it anymore due to financial difficulties, they still need a\nplace \u2013 meaning they rent a place, which in return is good for the owner as he\nreceives the rent.<\/p>\n\n\n\n<p>Surely, we always\nlike to get a good bargain that\u2019s why some buyers are hoping that the current\nsituation will make houses more affordable. <\/p>\n\n\n\n<p>11 years ago, we set on a quest to find the cheapest houses in the world and are surprised with what we found. So much so, that we created a website for cheap real estate. Check it out at <a href=\"https:\/\/www.propertyunder20k.com\/\">https:\/\/www.propertyunder20k.com\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Experts are far from agreeing how Covid-19 affects house prices. Most pros advise investors to stay calm. There is no clear answer to the question of how the prices for residential or commercial real estate will develop as a result of the Covid-19 pandemic. House Prices Forecast The forecasts range from price drops of up &hellip; <a href=\"https:\/\/www.propertyunder100k.com\/blog\/2020\/05\/19\/how-covid-19-affects-house-prices\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">How Covid-19 affects house prices<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[201,233],"tags":[278,137],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Covid-19 affects house prices - propertyunder100k.com<\/title>\n<meta name=\"description\" content=\"Experts are far from agreeing how Covid-19 affects house prices. 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