Most property investors have remained upbeat during the pandemic – but the situation has made them reconsider not only where they buy, but also where they live.
The 2020 PIPA Annual Investor Sentiment Survey, which gathered insights online from 1,100 property investors, has found that investors remain optimistic about the months ahead.
“Property investors have remained resilient in the face of the unprecedented uncertainty that we are all experiencing,” PIPA chairman Peter Koulizos says. “Indeed, about 67% of investors believe that now is a good time to invest in residential property.”
Some 77% of investors say any concerns about potential falling house prices won’t cause them to put their investment plans on hold and 44% of investors are looking to purchase a property in the next 6-12 months.
“About 71% of investors indicate the pandemic has made it less likely they will sell a property, which will help to underpin property prices,” he says.
While most investors remain keen to push forward with their plans, the survey also found they are considering living in different locations: 17% of investors indicated the pandemic had made them consider moving, with regional areas set to benefit the most.
