COVID-19 has forced the construction industry to examine carefully, how it conducts business. As a result of coronavirus, construction was left in lockdown limbo, with ambiguous and unclear advice on what was or was not safe.
The inexorable rise of the internet over the last 30 years has had a major effect on society and business. It has transformed the way that we communicate with one another, disrupted industries out of existence, created new ways of generating wealth and fundamentally altered our social fabric. Most people now meet their partners online. Social and economic relationships have become more transient, as it has become easier to connect and transact.
There’s no refuting the effect of Brexit on the UK. It’s created turbulent waters for developers and investors alike.
Those who wish to ride the wave of uncertainty unscathed must move in the direction of certainty. At the moment the residential market in London and the South East is flat. Prime Central London has seen a precipitous decline, losing 20-30% in the last few years, though there is one sector showing a lot of opportunities. [............]
A lot of people ask me how to become a property developer. Given that I have been doing it for the last 16 years, built over 100 properties with a total value of over £20m and accumulated an investment portfolio of over 50 residential and commercial properties, I should know something about that by now.