Page 28 - Weaver Magazine | Volume 17 - January 2023

Business

Post COVID-19

Real Estate Business
Opportunities

By: ANDINNA SEPTIANA ESA PUTRI

When referencing Bank Rate, it is important to The values of most forms of property, including
note that real estate encompasses not only the homes, apartments, and automobiles, have
land itself, but also the structures and resources dropped significantly. Expenditure restraint in
located there. Both commercial and industrial uses the face of a pandemic has contributed to a drop
of real estate, such as running a store, office in demand for real estate.
building, or manufacturing facility, require suitable While a drop in property value is usually bad
locations. However, real estate that is primarily news, there are several situations in which it
intended for human habitation constitutes the vast might be beneficial. Those with a genuine need
majority of all property. Any sort of property, from for a home may fare better now that prices have
the smallest cottage to the grandest mansion, can dropped. A large number of people have been
be found in a residential area. interested in real estate transactions as a result
of the many incentives offered, such as lower

In other words, residential real estate is created interest rates and simpler transactions.
when a piece of land that has been zoned for Real estate, which includes things like homes,
residential use is purchased and developed. land, and buildings, is an extremely potential
Therefore, real estate can refer to everything from investment commodity beyond just meeting the
property to land to structures to air or ground basic necessities of a society. Property is a
rights over or under a piece of property. The sought-after investment option due to its steady
literal or tangible property is meant by this phrase. appreciation in value, minimal volatility in price,
Real estate can also mean the making, buying, and and low risk. Phil, a global stock market
selling of tangible assets in the context of specialist in the year 2020, investigates the
commerce. Furthermore, the real estate industry effects of COVID-19 on the stock market. His
is a key economic driver that affects national GDP analysis indicated that the COVID-19 epidemic
growth. The Covid-19 pandemic caused a was an excellent opportunity to invest in the
sequential economic slowdown throughout the stock market because many people were selling
second, third, and fourth quarters of 2020. The their holdings at low rates. In the midst of the
slowdown has impacted several industries ongoing Covid-19 pandemic, the real estate
negatively in Indonesia, particularly the real estate market represents the only secure investment
market. option available to financiers.
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