Property investors remain positive about the future, though many are now looking at different locations for investment as well as moving to a new region to live, according to the 2020 PIPA Annual Investor Sentiment Survey.
“While there is no doubt that 2020 has been one of the toughest in living memory for everyone around the globe, property investors have remained resilient in the face of the unprecedented uncertainty that we are all experiencing,” PIPA Chairman Peter Koulizos says. The number of investors who believe now is a good time to invest in residential property fell from 80% in 2019 to 67%. Yet 77% say concerns about falling house prices won’t deter their investment plans, with 44% looking to purchase a property in the next six to 12 months.
About 17% of investors indicated that the pandemic had made them consider moving to another location, especially regional areas.
The main reasons were: improved lifestyle factors (78%), working from home in the future (46%) and housing affordability (40%).