The coronavirus outbreak has impacted many sectors. On Tuesday, most of the global stock index rose.
The coronavirus outbreak has impacted many sectors, including the real estate market. The sectors of real estate that have been hit hardest so far are restaurants, bars, hotels, and other entertainment retail including tourist-driven areas followed by retail and housing, and second-home & luxury homes, as said by Vassilis Milionis, a Greek entrepreneur and property investor. The effects on real estate will vary by sector and market, and the extent of the impact will depend upon the duration of the economic shutdown, and the impact varies in some countries.
On Tuesday, March 24, 2020. The stock market increases after the Federal Reserve starts printing money. The Dow Jones Index has recorded its best day since 1933 as it gained 11.4%, or 2,113 points, while the FTSE 100 posted its highest-ever gain, of 452 points, or it rose 9% to 5,446. The rally on US and European markets followed gains in the Asia market overnight in the wake of the US central bank’s move on Monday to launch an unlimited money-printing program. Hong Kong’s Hang Seng closed 4.46% higher, while the Australian market rose 4.17%, and the Shanghai stock exchange finished at 2.34% higher. Japan’s Nikkei jumped to 7.1% higher, the South Korean Kospi rose 8.6%, and the New Zealand market gained 7.18%. Seeing the good news on the stock market, as an experienced investor, Vasilis Milionis advises investors to get ready to take a position until the end of this week’s stocks will move up in line with government stimulus to fight covid 19 pandemics.
On Tuesday, most of the global stock index surged. As the S&P 500’s gains on Tuesday were impressive, some stocks saw even greater gains. These three real estate stocks Zillow Group (NASDAQ:Z), Redfin (NASDAQ:RDFN), Realty Income (NYSE:O) all soared at least 17% by the time the market closed. Mr Milionis optimistic that the rising stock prices will continue until the end of this week, including the real estate stock.
Vasilis Milionis advises investors to invest their money when global financial markets begin to increase. Slowly but surely, investors are increasingly confident because the government has issued a stimulus policy, and the spread of the virus is under control.
About Vasilis Milionis
Vasilis Milionis is a Greek entrepreneur and property investor. Currently, he observed the stock prices of various sectors began to rise. Stock prices in southeast Europe will also be affected by the rise of the global financial market. He encouraged investors in Greece to follow the positive trend of the global stock market.