The secondary market refers to subsale properties, or those that were previously owned, in mature locations and established residential areas. “These properties are introduced into the market for rent or subsale, and will be either rented or occupied by subsequent owners.
Post-COVID Factors Driving 2nd Home Investments in India
Capital gains: Second homes are a prudent long-term investment. Over the past few years, the popularity of second homes has moved up the curve. During the pandemic, it further got a huge thrust as many buyers, caught between the crossfire of the menacing viral wave and the risk of future contagion, started realizing the inherent benefit of owning a holiday home. Away from the hustle and bustle of hectic city life, second homes offer conducive, hygienic, and peaceful options for work and stay. The growing WFH culture further facilitated a hybrid living model, wherein families started living out from their usual home as well as second homes.
0 Comments