Property Cycle - Where Are We?
Fortunately for some people, the cover image very much represents what London will look like today and hopefully you are enjoying the sun. For the majority of us we are more than likely sitting at our mahogany desks with ultra modern air-conditioning (Wayfair desk and £15 Argos fan).
In answer to my own question, who knows? There are many individuals that are much smarter than myself such as long serving property professionals and economists that have their own opinion on the current property market. Some believed the market was very much on the up just 12 months before the last financial crash and they were right, until thy weren't.
The news outlets tend not to publish positive articles on the economy (BREXIT, Covid-19, rising build costs, potential softening of GDV's and labour shortage). When was the last time you read an article and walked away feeling good about the market? I tend to take it all with a pinch of salt and prefer to speak directly with developers that are navigating the property market in real time (you tend to hear the current frustrations and the odd profanity which I prefer as it's real).
When listening to problems it's paramount that solutions are provided. However, on some occasions it's slightly too late to completely avoid. The idea is to share the common problems in hope that each developer can avoid these moving forward.
These are my six main points to consider in the current development market:
The economy is forever changing and while the market has an element of uncertainty, it will stabilise in the future. Ultimately, homes still need to be built and home ownership or investment is still very much an aspiration in the United Kingdom attracting a global audience.
Connecting Equity to Property Developers
2 年Chris Treadwell Thanks for this advice
Senior Mortgage Services Sales Manager at Sequence UK Ltd - Barnard Marcus
2 年Good read Chris! Cheers for sharing
Helping 1M vulnerable people find a safe place to live. Find out how to partner with us! We need your help! Co-Founder @socialhousinggroup
2 年Superb advice mate ????
Group Director
2 年Absolutely spot on as usual!