The world is being attacked by Coronavirus. As a global pandemic, it doesn’t only affect the health and medication sectors but also the economy. Currently, people struggle to earn money because of new regulations published by almost all governments in all countries in the world. Those regulations are around lockdown and social distancing.
The effects are also felt by entrepreneurs and businessmen. Many businesses are even stated to be collapsed or bankrupt in 2020. However, Vassilis Millionis, a Greece entrepreneur seems to have his own view and opinion toward the situation. Millionis is a property entrepreneur that works in the areas of 5-star hotels and apartments with his company, Filia Investment LTD.
He said that even the real estate stock shows a promising development at the beginning of the year, in the end, Covid 19 just makes it worse. The stock development is only 13.3% and it is continuously declined. But at the same time, Millionis suggests people not to give up and be pessimistic. Real estate and properties are still seen as investment assets with high values. Sure, it needs strategies to minimize risks and losses when investing during pandemics.
Once the pandemic is over, it is predicted that the values of properties also will be significantly increased. The same thing is for the people’s trust toward the industry. Without waiting for so long, the real estate stock will be fixed and even getting much better than before.
For people who want to start investing now, Millionis also suggests them not to be doubtful to invest. The values of properties are not too high right now and it is a good thing. Furthermore, the mortgage has been lowering down along with fixed rates for 2 years. Meanwhile, selling a house is also not completely bad. The owners only need to wait for the right time to make moves.
Vasilis Millionis added that technology cannot be separated from investment nowadays. In this pandemic era, technology even plays bigger roles. Therefore, the utilization of the internet along with programs or applications is also needed to know current situations. This is something that all investors must know.
About Vassilis Millionis
Vassilis Millionis is a successful Greek entrepreneur. He is well-known with an investment company namely Filia Investments LTD. The company has worked on many projects and the net worth is more than 16 million Euros. Most of the Millionis’s projects are around the areas of hotels, apartments, and fancy facilities in tourist areas like Crete Island. He is well-known with his optimistic perspectives in the area of business and investment.
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