Want To Invest In Property After The Whole Lockdown Period? Here’s What You Should Do!
Ever since the lockdown began almost, every one of us has been inside our homes. We’ve ordered basic amenities from apps and to be honest it has been unreal. Spending over six months, waking up every day on time, getting ready for work and our workplace, is well, right on the desk, dining tables of the very bedroom of our house. In this entire time, a lot of us have probably wondered about investing in property over this entire period. Because investing in property isn’t a bad choice but an asset to you and your future generations.
And we are sure that the pandemic hitting you has changed the way you look at your home because we surely wanted to make some changes around the house or just change the house! And the coronavirus pandemic does have a huge influence on the residential market all over the world. Because now for people it has made more sense to just buy a house than paying a monthly rent to a middleman or the owner of the property you reside in. Other than that, if you’re single or are a family you’d probably not want to live in a rented apartment forever because you too need to think about the security of your family and their future. Apparently, according to this article, there has been an exodus in markets all around the world. London leavers alone have bought over 70k houses outside the capital which is the largest number of properties being bought over the last 4 years.
In India too there has been a rise in buying properties. The prices have been slashed down by companies who have been considerate about people’s lives after and during the pandemic situation. According to this article, a survey made by ANAROCK Property has teamed up with the Confederation of Indian Industry and has found out that almost 62% of the Indian population considered buying a house during the pandemic. Out of all the respondents, almost 24% have already booked properties. And the others are also thinking of buying properties even after the economic changes that will hit the market right after a few years of the pandemic hitting. But coming back to the UK, most of the people have already realized that they can now avoid the commute to work because they’ve already seen that the same work can be done from home as well and that already has a heavy impact on the market.
According to an article on BBC People now want to buy a property with larger spaces and also a play area or garden for their children. The change probably isn’t permanent but it sure has affected the way people want to live and how the same goes for workplaces. But to do that, we also had to keep a few things in mind. We had to think about how we’d buy a house in the current economic changes, so we had to look into websites like Mortgage Calculator to figure out the finances for owning a property. Even if the website is in the UK market based the website will work just fine on other markets as well. Here you can enter your home price, deposit, mortgage amount, the interest rate in percentage, and years and you will get a sum cost of how much you need to pay per month. But just in case that doesn’t help, you will find other trustworthy websites Bankrate, CreditKarma, or more which will help you in calculating mortgages and loans. There are also a few Indian sites like CIBIL, Equifax, Experian, and CRIF Highmark which will be able to help you with your loans for legitimately buying a property. Now that you’re almost clear with everything about housing, properties, and mortgage, we think you’re ready to invest in property wherever you find it suitable!
