Vassilis Milionis explains that the real estate market starts to increase after the pre-COVID pace.
Vassilis Milionis, a property investor from Greek, explains the real estate market condition during the epidemic. This is important information, so investors get a new insight into whether they have to invest in the real estate sector or not. Vassilis Milionis explained, “We are facing uncertain conditions for a few months. It gives a significant impact on real estate investment. The most important thing is that it doesn’t mean that we have to stop investing in the property sector. The condition is a little bit better. The real estate sales rose by 21% after the pre-COVID pace. The home price is even higher than before.”
One of the reasons is because of the new normal condition. People can go outside with a tight protocol. At the same time, real estate agencies give special deals such as low-interest rates to boost sales. The interesting part is that real estate agencies get income even faster because they can sell more expensive houses. The agencies can sell houses in Seattle, San Jose, and San Francisco. Mr. Vasilis Milionis stated, “Amazingly the property sale is quick and huge during the epidemic. It seems that people can’t hesitate about the low mortgage rates. People also need to find a comfortable living place for their family. It drives them to find a new house.”
Property agencies should find an effective and low-cost trick to keep running the business. One of the effective and low-cost ways to boost property sales is by using virtual trading. Agencies can build a professional website and post the complete information about their properties there. They can start to promote it and let people who need a new house see it. This is an effective way because the agencies and clients don’t have to meet face to face intensively. They only meet face to face when there is a deal.
Mr. Vasilis Milionis added, “Agencies can use a 3D campaign model to promote their properties. Clients have a new experience by exploring the property virtually. It boosts sales as well as safe the investors. We only have to be more creative to keep our business running in this epidemic condition. Sometimes, a new condition forces us to scale up our business.” It hopes that the global condition is getting better. A better condition will drive economic conditions better, so people get their job back. As a result, they can think about having a comfortable house for their beloved family.
About Vassilis Milionis:
Vassilis Milionis is a Greek property investor. He has a company known as Filia Estate LTD. The company develops luxury real estate and hotels.