When it comes to real estate trends 2020 was the year of moving away from crowded city centers to bigger spaces in the suburbs. As the pandemic continues so will this trend, according to the Forbes Real Estate Council.
This trend will continue into 2021, however, it is not a permanent change. By the second half of next year we will see a shift since city and urban living is still viable for many in a post pandemic world. In the meantime, as major cities lose residents an opportunity to invest in property that was previously much too expensive is coming up for real estate investors and anyone who has a property to sell and is looking for a big investment opportunity.
Since interest rates are expected to remain low through next year, investing in an otherwise overly expensive rental property is within reach for many smaller or first-time investors.
Those interested in commercial investing have some unique opportunities coming their way as well. The shift to online transactions and working from home has left a lot of commercial properties vacant and likely at bargain prices. This is an opportunity to swoop in and buy low and convert to something useful in a post pandemic world.
What does this all mean? Well, if you are already a real estate investor, then you know this is likely good news and can talk to us at Amin Vali Real Estate Investment about opportunities that you can take advantage of.
If you are interested in investing or if you have a property you want to sell but have no idea what to do with the money, then Amin Vali can help you find the best opportunities to get started as an investor so you can turn what you have now into much more next year.
We hope you had a wonderful holiday!