Covid 19 - AlNouri Group

Covid 19 - AlNouri Group 27th March 2020

Dear Readers,

Firstly, we sincerely hope that you and your family & friends are all well

We at AlNouri Group are acutely aware of the disruption caused by Covid-19 and are therefore doing our utmost to adapt to this worldwide health emergency situation, so that we can return to normality as soon as possible.

The Coronavirus pandemic has shocked the world, showing us that we are not invincible, and our societies are fragile. Over the course of the next months, our lives will definitely change. The way we interact socially, on a daily basis will be affected for the years to come. Eventually we will start to get our normal life back, but that might take a while. At AlNouri Group, we want to remain positive and therefore while our offices are closed, our whole team is working from home. We are still unsure how this pandemic will affect the real estate market in Malaga however we firmly believe that demand will not decrease but increase.

In the last weeks we have seen consolidated financial markets tumble to the uncertainty of COVID-19. The volatile situation of most stocks unfortunately have resulted in the devaluation of   stocks for investors without any views on recuperating this in the short term.  Real Estate devaluation is generally a slower process; however, many investors are turning to real estate as a safe haven for their capital. Real Estate offers a stable value for longer periods of time, with positive yields.  This is true for most European Capitals.

In addition to that of above, central banks are lowering interest rates to historical low figures. Enabling investors to access cheaper finance. This converts into an astronomical (unprecedented) injection of money into the economy.

Malaga Property Market

The vast majority of property buyers on our sunny coast are foreigners, in actual fact only in Malaga they account for 28% of all real estate transactions.  Our province is very popular due to:

  •         Its Unique Climate
  •         Good Value Real Estate
  •         Lifestyle
  •         Accessibility
  •         Advanced Health care system
  •         And much more!

We are going to experience a slowdown in sales until Covid-19 can be controlled  and the emergency situation is lifted. Although it may seem unbelievable, we have  received more online enquiries during this period than before . International buyers  from their isolation  at home are looking into what their future looks like post  coronavirus. Both investors & second home buyers want to be kept informed of the opportunities in the market.

Our offices will remain closed until the state of alarm in Spain is lifted by the Government. In the meantime, the complete AlNouri Group team will work from home, offering the best real estate advice to all our clients.

We look forward to speaking with you should you want any further information on any properties via online, email, video WhatsApp, skype.

Sending you our best wishes in these difficult times.


Kindest regards,

 

AlNouri Group Team

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