Anyone who hopes to start a new life living in a new city or country, this is your chance to do it now. Whether you are looking for a place to stay permanently or for the short-term, you’ll have to keep an eye on which countries have properties with high growth and which ones to avoid. When most of the world was shocked last year due to the Coronavirus outbreak, we experienced one of the craziest lockdowns in history, making other people re-think their decisions and increase their portfolio. If you are looking for real estate opportunities, this article is for you.
4 Surprising Real Estate Opportunities
Two years ago, according to research, only 20% of Americans will choose to stay and live in the big city, while the majority wants to create a life in the rural area, and experience a lower cost of living, and have a better quality of life. In 2019, the number of people leaving the big city doubled as more and more people is looking for new places with lower taxes, cheaper housing, bigger homes, and many other criteria. The urge of these people to move forward fueled up by the help of the internet and technology with the Work from Home setup, many people took this as an opportunity to go anywhere they want, enjoy life, and work freely.
We have seen how Airbnb dominates the hospitality industry. According to research, more and more household owners are opening their houses for tourists and some locals. People want to experience what other people say “live like a local” feels. For that reason, many people are buying lands and condominium units to rent for people, a way of getting another source of income. According to an expert who put up Northwest Missouri Land for Sale, grab this opportunity and invest in this kind of venture because once the pandemic was put to an end, many people are eager to enjoy the life they had back then.
Getting the right deal is the key to be successful in Real Estate. Due to the pandemic, we have the lowest interest rate environment, meaning in someplace, you have the opportunity to use leverage to make a large profit from this venture. With one good rental and proper pricing, you can have impressive rental yields in just ten weeks, and you’ll have a positive cash flow.
Go To Europe
This year is the best time to buy some parts of Europe. If you dreamed of buying a house, cottage, or big historic mansion Europe is the place to be. Italy and Spain will have the biggest fall in terms of real estate. These two countries have been giving away houses for quite some time now in their effort to depopulated hill towns.
It is an exciting year for real estate. You should be mindful of your steps when entering this venture. It may sound good, but one wrong move can ruin your possible advantageous investment.