The present state of the economy has seen a few downturns since the start of the year 2020. This survey reports that the unemployment rate in the United States went up from 3.8% in February to 13.0% in May 2020. While in Nigeria, this survey shows that 79% of households that were interviewed reported that their total income had decreased since the pandemic hit.
The thought on every mind is how to make the best of their finances while seeking new ways to increase their income.
However, with the economies around the world slowly opening up, the real estate market has already experienced a major boost in the number of potential buyers searching for homes.
Here are 3 reasons why this is the best time to buy an apartment or invest in real estate.
1. Take Advantage of the Recession
The economic recession caused by the pandemic presents unique opportunities to profit from real estate. The winners of this recession are those who own a property or have invested in real estate. Now is the time to join them and earn steady returns from your real estate investment.
Let us help you find comfortable apartments in calm and serene locations as the Dream Place apartment.
2. The Real Estate Market Always Appreciates in Value
Property is a long-term investment that is always appreciating. A piece of land that cost N5,000 in 1990 in an otherwise remote location in Nigeria would be worth N3,000,000 or more today.
So, are you looking for a way to invest your money and prevent it from the shocks of COVID-induced inflation? Real estate investing with Prindex Properties is possible for people with different plans. You can purchase an apartment and move in after the first down payment of 30% of the total amount is made. Subsequent payments can then be made in instalments.
You can also choose to invest in an apartment while Prindex Properties acts as your property manager and liaises between you and interested occupants. They move in while you receive your returns monthly or annually depending on your preference.
At Prindex Properties, we give you monthly updates on your property and do the groundwork with members of the construction team while you relax and receive your returns. No matter the option you make, it is still a win-win situation.
3. Avoid Stories that Touch
There has been a recent surge in MMM-style investments, promising unbelievable profits. While many times, these start by delivering on their promises, we usually know the end of many of them: stories that touch. If you want to invest and have peace of mind on your investment, the real estate market is both secure and offers you good returns.
Investing in the Dream Place apartment located at Lekki Phase 1 will provide you with annual returns of N4-N4.5 million. Also, you will receive quarterly project reports detailing the ongoing operations and projected completion date.
You will not invest, and your heart will be quaking as if Nigerian soldiers are marching through it at night. You will have peace of mind because your investments are secure. Rather than worry about losing your investment, you are certain that it will only appreciate.
The only risk you make is paying for the land or property. You do not have to watch the market to know if rates are going higher or going lower. Keys in your hand, you are certain of getting value for your money, COVID-19 or not.
Are you ready to purchase your apartment or just invest in properties?
Call us on +234 906 733 3330 to schedule a virtual tour.