How Property Rates are Affected by COVID-19 and What You Can Do

It is no longer news that the dreaded novel coronavirus (aka COVID-19) has affected everything we do; from our professional endeavours down to the daily activities in our personal lives. One way or another, everyone is impressed by this pandemic including businesses and organisations. That means finances have dropped, market stocks have gone down, international trades have lost momentum, and even investments are now at risks.

When Vopnu City talks about investments, what do you think is the first thing that comes to mind? You guessed right… Real Estate!

Real estate is mostly seen as one of the most prudent investments to embark on, especially during downturns like the worldwide COVID-19 pandemic.

This is true because most sectors have been badly hit by either recession or other depilating economic crisis that tumbles national growth and development. And even though most industries are badly affected by this pandemic, real estate remains tough and resilient despite some hurts that may befall the industry due to the effect of the downturn.

Situation of Things

Granted, the current situation in the world is very troubling. People are panicking and businesses are declaring themselves bankrupt and some even winding up. Every space is hurting so bad that many people are resorting to panic buying and selling. Too bad!

Now you may ask, What about the real estate industry?

According to a very prominent business mogul and wealth management professional,

“In most historic recessions, the property market has either remained largely resilient or was only impacted across certain real estate sectors,”

Dhruv Arora, CEO of digital wealth manager Syfe

So, that statement implies that even with the current situation of things the real estate space has and will continue to remain strong and better. And this applies to property sales, investment, development and management.

What about here in Nigeria, what is the current situation of real estate?

Surprisingly, the real estate sector is gaining rather than losing. According to BussinessDay on one of their post in April, the real estate industry in Nigeria is yet to be hit by the COVID-19 pandemic but rather surging by 5% in sales, and it is high time we took a fresh perspective in the industry.

With all these facts at hand, what next?

What You Can Do Now

No doubt you will agree with us that any investment made now in real estate is definitely the right one seeing that demand is diving and supply climbing.

Our professional and candid advice is; be proactive and invest in real estate because more than ever, now is the time to buy!

Therefore, Vopnu City is offering a COVID-19 response discount on sales of over 50 plots in the beautiful area of Ibeju-Lekki, Lagos State. When you buy from us, we will give you a whopping 30% discount on a 600SQm size and space.

Last Words

Do what your future self will be grateful for. Buy now, secure your future and that of your family. There is no better time to act than now because, tomorrow may be late!

Call now: +234 (0) 806 637 2365 or Send an Email to: sales@vopnucity,com

If you wish to have an official flyer, see image below