Even though it may seem paradoxical, buying a house in pandemic times can be a favourable matter for many buyers. We are living through very difficult times due to the coronavirus and therefore, the real estate market has suffered considerably because of its effects. However, in these times many business opportunities arise which did not exist before and thus, many investors try to take advantage of them. Last week, we wrote an article stating that real estate agents believe that this autumn there will be further investments.It is a well-known fact that difficult economic situations always open new marketing channels which did not exist previously, and this reality does not go unnoticed to the real estate world. Is it very risky to purchase a house at present? Estate One thinks that it should not be so. Undoubtedly, each personal situation is a different world, and this is what we must first of all analyze: which are the circumstances of our client as well as his/her personal economic situation in order to perform this kind of investment. Also, if our client has a steady job and been able to save capital then, he/she will not be overly indebted and hence, making this a good time to purchase a house. Right now, financial institutions are offering interesting products to medium high profile investors who can, furthermore, get advantageous mortgages. Nevertheless, this situation could change due to the financial turmoil we are living through and therefore, this could be the time to take advantage of it.

PRICE ADJUSTMENT AND OPPORTUNITIES

The real estate market has been shaken by the coronavirus health crisis, and especially regarding the second hand market. Many second hand properties have undergone price corrections which have led to creating opportunities for investors. It is important to be aware of the fact that many investors are conscious of this situation and will try, without delay, to take advantage of it if the property fits into their plans. Good opportunities do not usually last a long time, therefore, it is not convenient to delay the decision to purchase once the occasion arises. When the buyer has analyzed the situation and has come to the conclusion that this is an appropriate opportunity, then he/she should take advantage of it and give an answer without delay. However, it is important to think carefully about the kind of property one really wants: confinement has changed the way of thinking of many people who now long for a house with a swimming pool, or a terrace and a garden. Before purchasing a house, we must consider and weigh up carefully these and other circumstances.

THE TRANQUILITY THAT A REAL ESTATE AGENT PROVIDES

We are now living through uncertain and complicated times and, in consequence, it is very important to have at our disposal proven personal counselling which will simplify everything and enable the buyer to be relieved of work as well as solving any doubts. Purchasing property is a very important matter where everything must be carefully analyzed and, even more so, in these troubled times. It is fundamental to count on the support of a real estate agent who will solve every logistical and legal issue. In Estate One we have an extensive knowledge of real estate in Spain as well as having, as real estate agents, solid experience in prestigious companies from Spain and the United States. If you need advice, please contact us: we will be delighted to help you.