Invest in gold or real estate
Invest in gold or real estate
26/3/2024
Some people have turned to investing in gold due to the rise in prices and the Egyptian economic crisis. Some economic experts have advised for a year that investing in gold is the best solution now because it is a long-term investment that preserves the value of money. The Egyptian economic crisis may continue and prices may continue to rise, which will reduce the value of money itself. Therefore, the demand for gold increased until the price of the gold pound reached more than 25,000 pounds at the end of 2023, after it was 13,000 pounds at the end of 2022. This encouraged people to invest in it in the hope of increasing its prices, but everyone was surprised that the price of gold decreased day after day at the beginning of 2024 until the price of the gold pound reached 24,000 pounds.
This threatened the reassurance of some that their money is in a fixed and safe asset, so everyone started asking about the solution and looking for better investment opportunities.
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The Solution After the Gold Price Drops
After the crisis increased for some with the increase in the prices of consumer goods and the decrease in the price of gold and the dollar, economic experts advise investing in a fixed asset with an investment return, such as real estate.
This is because although gold is considered God's money, as some call it, and it is a long-term investment, it does not have an investment return or different uses like real estate, and the worst thing is that it is sometimes greatly affected by the economic situation and the increase in demand for it also raises its price. Its dependence on the manufacturing idea and the way it is kept makes it as an investment commodity less preferable than investing in real estate.
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Advantages of Real Estate Investment
The real estate market has unique advantages that are not available in other goods or investment opportunities such as gold and the dollar.
First, it is a long-term investment. After 20 years from now, it still has a strong investment return. You can also benefit from it in the short term. If you invest in a finished unit and it is rented within a month, the financial return begins, and yet your money is still in a fixed asset that does not lose.
It is also different from gold or the dollar because it has a diversity of investment opportunities. You can invest in an administrative, commercial, residential, or medical unit according to your budget, and its price does not decrease due to economic crises, but will continue to increase and demand for it will increase.
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How to Choose the Right Investment Real Estate
We offer you some important tips before choosing your investment unit so that it returns a large investment financial return and you avoid losses.
First: you must set a budget for real estate investment. If you have a large budget, it is preferable to invest in more than one unit in different locations and areas to ensure an investment return from different directions.
Second: a strong study of the market and the needs of customers in the coming period, and the most important thing is that the choice is always in areas with a strong infrastructure, with the entry of basic facilities and services, and is still under construction to ensure an increase in demand for it and thus increase the investment return.
Third: determining the plan and goals, is the goal to resell it again for more profits or is the goal to preserve the value of the money and the unit and only rent it? This determines the choice of the type of property, whether it is residential or commercial.
Fourth: understanding and appreciating the changes in the real estate market. It is different from other fields. Each period focuses on a specific area, and some people hope to buy in it, such as Mostaqbal City and New Zayed now, and the North Coast and Ras Al Hekma during the summer. Therefore, you must understand the movement of the real estate market and its conditions and all the factors that affect it, whether negative or positive.
In conclusion, investment has now become one of the most important factors in preserving the value of money. Due to the economic crisis that Egypt and the whole world is suffering from, many people resort to investment to preserve the value of money from collapsing with the increase in the prices of consumer goods. Therefore, we have presented you with all the available real estate investment opportunities to choose what suits you and remember that real estate investment is the best solution as a fixed and safe asset with an investment return.
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