Development of the Methodology for Residential Investment Management During the Covid-19 Pandemic

Authors

DOI:

https://doi.org/10.34190/ecrm.22.1.1487

Keywords:

Covid-19, Housing, Investment, Management, Methodology, Pandemic

Abstract

Investing in residential property is a good investment instrument for individuals. The benefit of investing in a residential property is the potential for long-term appreciation in value. Historically, property values have increased over time, providing a solid return on investment for those who hold onto their properties for a significant amount; property provides a source of passive income through rental income. Investing in property is an attractive investment opportunity in emerging markets. Turkey is considered an emerging market. Like many emerging markets, it faces several economic and political challenges, including high inflation, a large current account deficit, and political instability. Investing in property in emerging markets also comes with certain risks, including currency fluctuations, political instability, and uncertain legal and regulatory environments. During the SARS outbreak, the property market in Hong Kong was significantly affected. The Spanish flu pandemic had a significant impact on the property market. During the 19th-century cholera pandemics, there were instances of substantial disruption to property markets. The COVID-19 had significant impacts on the residential market. Developing a methodology for individuals to use for their residential investment can be challenging, as it requires consideration of various factors. There are a variety of resources available for individuals who are interested in learning more about investing in property, and people are able to educate themselves in the field of property investment. In this study, we examined individuals' residential property investments in Turkey during COVID-19, and the factors that influenced their investments. We examined whether individuals' consideration of a single advantage in residential investments provides them with financial benefits. We examined the parameters that residential investors can follow to achieve success with their investments.

 

Author Biographies

Celal Erdogdu, ISMA University of Applied Sciences

Celal Erdogdu is a PhD candidate in the Department of Business Administration at the ISMA University of Applied Sciences in Latvia. He is writing his PhD and works as a real estate valuer. His research focuses on the housing market, home price changes, affordability, gas, and hotel valuation.

Inese Spica, Scientific Institution Business Competence Centre

Dr Inese Spica is leading researcher at the scientific institution Business Competence Centre and professor at the ISMA University. She received her PhD in economics sciences from University of Latvia in 2001. She is editor of scientific journals, monographs and has been managed three international conferences on Business Competences; Trade Marketing; Business Environment.

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Published

2023-08-23