The coronavirus outbreak managed to affect a lot of sectors, including the real estate sector, said Vassilis Milionis. Currently, the real estate market is hit pretty hard by this awful pandemic. Several real estate sectors are hit the most, such as restaurants, hotels, bars, and many other entertainment businesses that cannot go on because of the regulations that are made since the virus first appeared.
Other than these real estate sectors, retail, and housing, as well as luxury homes, are also negatively affected by the coronavirus. Vassilis Milionis, a Greek entrepreneur, and investor said that the effect of the virus will vary based on the type of sector and the duration of this pandemic. The economic slowdown effect will also vary in different countries.
One of the things that the coronavirus impacts is the stock market. A lot of stocks are failing because of the economic slowdown and failure that happened because of the virus. However, on Tuesday, 24th of March, 2020, there was a surprising positive change in the stock market.
The stock market increases because of one reason, which is that the Federal Reserve started printing money during that time. That is why Mr. Milionis made a quick decision to make investments in the property sector.
There are several positive changes that the stock market saw on Tuesday. The Dow Jones Index gained 11.4%, which is around 2,113 points. The FTSE also posted its highest gain of 452 points. It gained a rose of 9%. Because of this rise, the Asia market also gained a lot overnight. Hang Seng in Hong Kong gained 4.46% higher. The Australian market also rose by 4.17%. Overall, great changes are happening in the stock market. Because of this, Vassilis Milionis advises a lot of investors to be in position while all of this is happening. Mr. Vassilis Milionis advises people to get ready because he believes the stocks will move up with the help of the government stimulus that is used to fight the coronavirus pandemic.
“Investors should invest their money when the markets in global finance are beginning to increase”, said Vassilis Milionis. He also said that people should be optimistic about their businesses during this coronavirus pandemic. The government stimulus that follows the coronavirus pandemic will help businesses all over the world to keep surviving. That is why he encourages people to be wise and optimistic at the same time.
About Vassilis Milionis
Vassilis Milionis is a Greek businessman, property investor, and entrepreneur. He has interests in luxury tourism with his latest project in Crete, Greece. He believed investors should be ready and get into position as the stock market continues to rise with the help of the government stimulus. Vasilis Milionis encourages investors to follow this positive trend.