We’ve all heard the phrase “safe as houses”, and indeed, investing in real estate has long been considered a safe and secure long-term investment strategy, particularly for those who do their due diligence and locate good-quality properties in areas that are likely to grow in appeal and value.
That said, as with almost all areas of our lives, the coronavirus pandemic has entered the equation and turned everything we once knew to be true on its head.
With so much economic upheaval, together with hasty changes to legislation, which has tipped the balance of power in favour of tenants (at least during the pandemic), is real estate still a worthwhile investment?
According to property expert Michael Yardney, director of Metropole Property Strategists, the answer is a resounding yes.
Since the pandemic first began impacting our economy and way of life around six months ago, real estate values have “remained … Read more