In the midst of the global COVID-19 Coronavirus pandemic, some industries have taken a dip, and it’s a tough time for many financially at the moment. However, despite all of this, known for being a long-term, sustainable and hard-wearing tactile investment strategy, the UK property market has (and will) stay resilient.
If you’ve got the relevant amount of capital available, there are many different benefits to investing in the property market in 2020. Are you inspired, and want to find out more? Here’s some more detail on some of the biggest benefits, and also some insight into how innovative investment companies are making it through this prolonged self-isolation period by leveraging technology.
Leveraging tech – the best way to invest from afar
So, you’re an investor, you’ve got the relevant amount of capital that you need in order to be able to invest comfortably in a property that has projections looking positive for the years to come, but you can’t actually get out of your front door to go and look at the build due to the fact that you’re not allowed to. What do you do? Well, thanks to the wonders of technology, the ‘virtual viewing’ experience is something that allows you to get an immersive look at a property remotely, without even leaving your home. This strategy is something that’s often used by hands-off international investors that can’t get to a site in order to look over their property in person, and is now being adopted by many investors in order to adapt to the self-isolation conditions.
RWinvest, a property investment company with offerings throughout the UK and in some of the most lucrative and popular areas currently, Liverpool and Manchester, offers a fully-fledged VR viewing package for potential investors that want to experience their property from the comfort of their own homes. Not only does the viewing bundle include a virtual reality tour of the prospective property, but also accompanying literature and guides on the building, the surrounding area as a whole, and even up-to-date construction updates and drone footage on how the build is coming along (if still in construction/planning phases, in the case of an off-plan investment strategy).
If users don’t have a cardboard VR casing to put their phones into or a headset available, they can simply download the file onto their mobile phone, tablet or smart device, and then move around the 3D image that way, instead.
Property investment – Dealing with the Coronavirus
Again, to finalise, if you’re looking for an investment opportunity that is secure and ultimately more likely to be unaffected by external factors such as the one in place now, you could do much worse than investing in a promising property development for the future. Securing an investment within a city will mean that you stand to benefit from the surrounding regeneration that will be ongoing for the foreseeable future, and with tenant demand on the rise in urban areas, if purchasing for buy to let purposes you’ll be in with a much better chance of maintaining a consistent rental yield income. It’s true that these current times are extremely worrying, but at the end of the day, those that keep a level head and look for opportunities (rather than withdrawing their capital) will be the ones that end up with a lucrative and bolstered investment and general financial portfolio.