There's no certain answer at the moment. Different people are predicting different outcomes. But it's important to understand the effect that these outcomes may have on you and your investments.
So, to help you prepare for the other side of the COVID-19 crisis, I've laid out some things for us all to think about. The points below are simply my opinion based on my research from many different economic, political and health experts and in no way am I stating them as facts, but more points for you to think about and reflect on - and to disagree - or agree with...
So I think:
Remember, these predictions are based on my readings, listening and fact-finding so I accept I could be way out here but it's good to think about these things.
Suffice to say, some predictions paint a bleak picture, while others can give us a glimmer of hope – It simply depends on your personal situation.
But after delving into these potential situations, I thought it would be good to leave you with some certainty. So, here's what we can be sure of:
1. Banks are still writing loans to everyday homeowners and investors.
2. There are more cash buyers in the market than ever before.
3. Everyone still needs a place they can call their own, whether they're renting or owning a property.
And we will bounce back – we always have and we always will. Just continue supporting each other and we will get through this storm together.
Stay safe out there.