The economic slump had a major impact on real estate. The price has come down over the last few months. People with a huge disposable income can explore investing in real estate for diversification of their assets. Reduced home loan interest rates and lower property prices makes it an opportunity hard to resist.
Some investments are considered safe in times of recession like precious metals and foreign currencies. In this list of investments that are popular during times of financial insecurity, real estate can be included.
Real estate is considered a hedge against forces of inflation. Inflation has led to the rupee value depreciating and property prices travelling upwards. Property investments are usually held over a long term.