People Must Be Smart to Buy Real Estate in The Midst of Pandemic Covid-19

Property Mortgage Calculator

During the Covid-19, many people choose to wait and see when making investments, including property. Consumers really have to be smarter in choosing the type of property to buy, so they don't regret it later.

In a crisis situation, consumers must be smart in choosing the target property to be purchased. In addition to efficient financing sources such as mortgages, understanding the track record of the developer is also important to minimize the risk of failing to receive property assets.

At the beginning of 2020, many property projects were stopped. Every economic crisis poses a threat to property businesses and consumers.

To reduce the risk of failing to receive property assets, potential customers can also buy properties that are ready to use. If you are observant, there are many good property assets available in the market.

The price also tends not to move up. Products that are ready stock, the price can be much cheaper because developers need fast funds to maintain the company's cash flow.

One of the right steps, such as the Government of Indonesia, by supporting property investment through incentives and relaxation policies is appreciated. This situation is a good news for industry in the country's property sector.

The reason is, the increase in sales is also influenced by government policies that have provided value added subsidies (VAT) for property.

However, developers remain cautious in dealing with the uncertainty posed by the COVID-19. The caution is initial construction of property units that have been purchased by consumers. Even in some locations the handover of units was carried out faster than the target.

Reported from the Forbes, Sunday (15/8/2020), here are 4 reasons people buy real estate in the midst of a pandemic. Why are so many people moving in the middle of a pandemic? Here are three (quite smart) reasons:

1. Real Estate Prices Drop

According to a report by Miller Samuel and Douglas Elliman, in the second quarter of 2020, New York City (NYC) real estate sales fell 54 percent. This is the biggest decline in 30 years.

With low activity, desperate sellers, and a slumping economy, shifts are rapidly and completely in favor of buyers. The average selling price in NYC fell to just $1 million, 18 percent lower than the previous year's statistics for the Manhattan area.

In California, the Orange County Register reported a 5.2 percent drop in prices compared to last year. Residential data firm CoreLogic predicts there will be a 6.6 percent year-over-year price decline nationwide in May 2021.

2. People Start the Importance of Home

It's not just because people are "stuck" in their homes during the pandemic. Furthermore, home is ultimately a "safe" place to stay during a scary time (re: pandemic).

Whether we realize it or not, this self-quarantine seems to be the biggest campaign for real estate values. Where people have been inspired to invest more in their homes.

3. Home is now an office

Apart from essential workers, most people today find themselves working from home during the pandemic. Working from a couch or kitchen table without proper office space can be difficult, especially if space is limited (and shared with children, spouse, or pets).

Once it became clear that the work from home culture persisted (at least for the near future), people realized they needed more space.

In addition, there are other financial incentives for buyers who work from home. where; If your home is also an office, a portion of your mortgage can be claimed on your taxes as a 'home-office' deduction.

The real estate industry may lose its fangs due to the COVID-19 pandemic.

But why, even with the price dropping, at least it can still attract buyers and record sales.


Property Mortgage Calculator


4. Use a Mortgage Calculator to Calculate Financial Capability!

As stated from Kevin Roberts, director of the Legal & General Mortgage Club, said that borrowers, especially those experiencing financial difficulties, should examine their options. Covid-hit homeowners fear getting stuck on expensive mortgage deals.

It is very important to know the forecast of loan payments, and not be complacent about the initial payment discount so that we have a picture of the original financing that is in balance with our financial capacity.

By using mortgage calculator, we as potential consumers can determine monthly payments based on the DP and the loan term that we choose.

By the way, let me share about the one of mortgage calculators. Well, here is one of the recommended Mortgage Calculator applications to calculate the monthly installment value and installment period that suits our financial condition is MortgageCalculator.UK

The advantages of this mortgage calculator are that it offers a fast, free, accurate, and unbiased calculation with totally without ads. Actually this mortgagecalculator.UK is very suitable for use by everyone around the world.

The main variables in a mortgage calculation include the principal, balance, periodic compound interest rate, the number of payments per year, the total number of payments and the number of regular payments. 

This calculator is available on the menu for UK Mortgage Repayment Calculator with Amortization, Over payment, Remortgage. With this calculator, buyers can calculate for themselves how much the monthly installments must be paid accurately. So that it reduces to be lied to by the developer.

By entering home price, deposit, and term-years then automatically we can see the full monthly payment, Value of interest only, Total loan payment and total cost. By clicking CALCULATE, we will get a display of loan charts, graphs and amortization tables and get a specific link containing the values entered. 

For an example of the calculation results that I made, assuming a house price of £ 200000, Down Payment ( Deposit ) £ 25000 and a payment term of 15 years, the calculation link with a complete calculation are display of loan charts, graphs and amortization tables is figure out above. 

And the unique link as the result show of calculation is,  Picture above is the performances of home mortgage repayment chart and mortgage reduction over loan term.

Although this mortgage Calculator is based in the UK, this application can be used by Estate agents, spouses, partners, friends, family members, flat mates, home sellers, home builders, lenders, helpful web forum users, bloggers, or anyone from the any country form around the world.


  1. Oh my god, this useful information that we have. Nice share.

  2. Iya very true what you say in the writing in your post. we must be really smart to choose to buy a house. Moreover, it is more fun to work at home. very functional because the office is home

  3. Berarti mortgage Calculator bisa dipakai di Indonesia juga ya kak. Sangat membantu banyak pihak

  4. Berasa banget sih bang,
    Masa pandemi ini susah jual aset,
    Pembangunan juga keknya banyak terhenti, mudah mudahan 2022 kembali bangkit

  5. well said bang. home is the safe place especially for this condition : Pandemic era.

  6. quite helpfull ya these calculator.
    we just put in the rate of the property, and the calculator counting it, then tadaaa...
    We know the real price will be.

  7. yes home is the new office right now. gak kebayang pdhl dulu kalo kerja harus dr gedung hehe dgn aplikasi ini orang jd kebayang kalo mau beli rumah tuh harus ada modal berapa ya bang hehe

  8. Buy a house ready to use is really worth it in pandemic era ^^

  9. "Mortgagecalculator.UK is very suitable for use by everyone around the world", ini nih yg dibutuhkan, bisa dipakai di seluruh dunia jadi standarnya sama untuk semua perumahan ya bang, makasi infonya :)

  10. Wow, its great there is mortgagecalculator to help us preparing budget for real estate.

  11. I will definitely use mortgagecalculator when we consider move to UK .
    Thanks for the info