Investing in a residential property is an emotional and exciting process for each one of us. But, before searching for your dream home, it is necessary that you are well-acquainted with the ins and outs of the home-buying in 2020. With a number of initiatives and policies coming up, 2020 is expected to be the year of emerging micro-markets, with huge demand for quality homes along with the transparency in the real estate deals and improved accountability of builders.

2020 conditions seem to be absolutely right time for all home-buyers. Interest rates are much lower than the 5% to 9% rates anticipated last year by the forecasters.

2019 has been the year of ebb and flow for the real estate industry, but 2020 is expected to see a growth in investment, finishing up the construction of delayed projects and uniform implementation of Government directives. Knowing how 2020 can be a turnaround year for you will empower you to make decisions that are the best for you, your family and most importantly, your wallet.

Here are 12 reasons to buy your dream home this 2020
  • It is a buyer’s market so you can negotiate strongly with the seller.
  • Interest rates are at the lowest level at this time.
  • You can finance your property purchase
  • Unlike other asset classes, property generally retains its capital value
  • Property is not a volatile investment and you’re unlikely to wake up in the morning and find your property value has suddenly plummeted as can happen with shares
  • It’s forced savings and wealth creation
  • If you hold onto it for long enough, you can achieve excellent capital growth or profit when you sell it
  • Property creates security for your future and a foundation to build a life and raise a family
  • You can rent out your entire property, yet retain the asset and benefit from the potential capital growth
  • You can earn an income from your property by house sharing or renting out a room, flat or cottage
  • It will create stability and you will not have to move unless you sell your property
  • It is the best nest-egg and if you have invested well, you can end up with a good retirement