The world is dealing with the impact of social distancing and other measures brought in by governments across the globe – but what positives can we take forward for the future, what advantages can be drawn from it and what will life feel like afterwards?
Passive incomes are great investments
Investing in property is a great way to earn a steady income, and the property market has historically been remarkably resilient. Still, other positives can be taken from property investment rather than just capital gain. Demand continues to grow in the rental market. Although investors often buy their property with the hope of it increasing significantly in value, the benefits of a growing passive rental income may encourage more investors to keep hold of property for longer and enjoy longer-term gains over the hope of a quick buck.
With financial uncertainty gripping national economies and with markets falling across the world, ensuring that you have a passive income is a great way to get through tough economic periods. Many investors find that the income from their investments allows them to meet financial obligations if regular employment isn't a certainty. In essence, for many investors, this will enable them to improve their lifestyle and feel secure long term.
Massive demand for property is looking likely for when this is over.
It is highly likely that due to delayed investment decisions and financial uncertainty, investors are putting property investment decisions on hold. While we can understand this approach (we would suggest that there’s never been a better time to invest!), it does mean that when normality resumes, there will be an influx of enquiries on properties across the UK. We have enough stock to supply this demand. Still, it would always be a wise decision to beat the rush and invest in property now, especially if you are a cash buyer... you will have the pick of the market!
There is also an expectation that there will be an increase in demand for rental properties form tenants too. Anecdotally, there has been high traffic on the rental property portals along with a high amount of new enquiries. Tenants that were looking to move before the pandemic are likely to be very keen to move as soon as it's over. With time to spare, people are window shopping and seeing where they could move to in the future!
What are the Heaton Group doing?
All our existing developments are continuing – our contractors can practice social distancing due to the size of the developments and our office team are now working remotely. We are also ensuring that our investors are being looked after with consistent updates as to the progress of the developments. As a business, we are keeping up to date with any financial implications that this unprecedented time is causing across the world.
We can see the light at the end of the tunnel. However, it’s an uncertain period for many – having a passive income and knowing that the property market will experience a massive boom at the end of this is a positive we can all take from this situation.
To speak to us regarding your next property investment then call on 01942 251 945 or email us at firstname.lastname@example.org.