“Gold or real estate”.. Know the optimal investment in 2024

Economist Bilal Shuaib provided a set of advice to citizens wishing to invest during the year 2024, saying: If you have money and want to invest in it during 2024 and you have two options: the first is real estate and the second is gold, then the matter differs from one person to another depending on the value of the money he owns.

Gold does not require large sums of money to purchase

Shuaib added that gold is one of the most important investment tools that preserve the value of money in light of the high inflation rates that the world is currently witnessing due to the economic crisis, pointing out that gold is characterized by the ease of converting it into money through its speed of sale, in addition to its connection to global prices, not just the local price.

The property is the righteous son

On the other hand, Shaab confirmed that investing in real estate requires amounts of no less than 500 thousand pounds, unlike gold, which can be invested in starting from 2,000 pounds. He pointed out that there is a saying that Egyptians memorize by heart, which is “real estate is the righteous son,” stressing that it is considered better. An investment for those who can afford it.

He continued that the citizen who wants to buy a residential unit (apartment - house - villa) must focus primarily on the location, and choose the location carefully, in addition to ensuring the validity of the ownership so as not to be scammed, noting that the distinguished location helps in reselling the property. Faster if you want to sell it.

Real estate sector recovery

He pointed out that some studies on the market revealed that the year 2024 will witness an intensified recovery in the real estate market, which means that real estate investment could be the best investment during the coming year.

The best types of real estate investment

Before we answer the question of how to invest a small amount in real estate, we will first review the best types of real estate investment that bring relatively large profits, which are:

Investing in land is one of the common types of real estate investment, especially since its prices tend to be low and this type is characterized by the ease of purchasing and disposing of land.

Investing in residential real estate: This type accounts for the largest percentage of investments and is characterized by high and guaranteed returns because real estate prices are constantly rising.

Investing in commercial real estate is one of the most popular types of investments and is characterized by high returns, whether in the short or long term, but it requires relatively large capital.

Investing in industrial real estate is one of the types of investment that results in high profits and is characterized by the fact that the cost of the land on which it is built is low compared to residential or commercial buildings.

Investing in administrative real estate is also a popular type of investment but requires relatively large capital.

Investing in old real estate involves purchasing an old property at a small price, and after it is renovated and restored, it is rented or resold again at a higher price.

Investing through real estate investment funds, which are investment companies that purchase real estate and then allow investors to own or trade their investment shares.

Investing through real estate investment groups, which are groups that help operate part of the funds with some investors without bearing the burdens and requirements of real estate.