HOW WILL THE WAR IN UKRAINE INFLUENCE THE REAL ESTATE MARKET?
Nowadays, properties are under pressure as a result of the war in Ukraine, combined with inflation and high interest rates. How will these aspects influence property prices and rentals?
Probably all of us these days wonder why we didn't invest in property sooner or at least secure our own home. With price increases in recent years ranging from 5% to 10% depending on location, it's no wonder that investing in property has become a very good way to save your money. In a field with a wide range of investment options, investing in property or land is certainly an attractive option and can often give you better value than a savings account, fixed term deposits, other investments or building savings accounts.
By investment property we mean property that is acquired for the purpose of renting to a third party or selling it in the future for financial profit. Unlike other investments, investment property can protect the value of money from inflation and provide a stable income from tenants. Over time, you can sell them profitably, including land or commercial property.
The price of an investment apartment or house increases over time, and you will collect extra income on a regular basis. You can thus appreciate your investment twice, which makes this investment option financially attractive. The property can provide you with a stable income even in unexpected situations or in case of illness. For example, if you decide to travel or just enjoy life in retirement, you can just sell the property and get started.
It's impossible to predict what will happen in the property market these days. It is therefore impossible to determine the exact return on investment in real estate. We believe that prices will continue to rise for quality property, although probably not at the rate we have been used to in recent years. And if there is a downturn, it will be more of a short-term issue that should not fundamentally jeopardize your investment for 7 years or more. But it's important to remember to factor in not only all the potential returns, but of course also the costs and consider the risks.
We will be happy to consult with you on your plans and options and together we will find a suitable investment for you. Just contact us via the web request form.
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We have been cooperating with Philip & Frank brokers for a few years. Throughout that time it has been proved that it was a good choice. We are especially satisfied with their transparency and regular information about the progress of each project. At the same time we have always been in control of all decision-making. We will be happy to recommend them and their legal services to our friends and relatives. It was our pleasure warking with them.
While we were selling our flat, we approached the brokers of Philip & Frank who had been recommended to us. I was really satisfied and delighted. Their truly professional approach – meetings with us, organization of tours of the flat with clients and arranging the formal aspects of the sale, including cooperation with an excellent lawyer – was astonishing. I appreciate their competence and I recommend this real estate agency to other clients.
Thanks to the professionalism of Philip & Frank real estate brokers I learned that even purchasing a property can be a pleasant experience. Their thoroughness, reliability, helpfulness and kindness enabled us to concentrate only on the property. We were relieved of all the worries regarding the purchase and we could simply enjoy buying the flat. That is what you dream of but I would never have thought that it could come true. Thank you for your perfect services!
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