Following Boris Johnson’s announcement of a second national lockdown until 2 December, the Ministry of Housing confirmed that the housing market is to remain open. In a tweet on Saturday, 31 October, Housing Secretary Robert Jenrick stated: “Yes – the housing market will remain open throughout this period. Everyone should continue to play their part in reducing the spread of the virus by following the current guidance.” The news presents welcome relief to the thousands of house hunters who are eager to find a property and move house ahead of the stamp duty deadline next year.
Sharing my thoughts about a subject which The Independent publication had asked for expert commentary on: Is more building the answer to the UK housing question?
Many people will tell you that there are two types of money; smart money and passive money. But there’s also another kind – painful money.
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 last month has seen a significant change to the short term outlook for the UK and the world as a result of the spread of the COVID-19 pandemic. The economic impact of measures designed to socially distance people and the enforced ‘lockdown’ is now only starting to emerge.
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.
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.
Selective Sourcing of development sites simply means being careful about what you buy. We ensure that, based on the planning permission the site has when we purchase it, the project is profitable.
In The Main Thing, I talk about Property and conduct interviews with interesting people I meet. I also cover Investing, Wine, Wirehaired Vizslas, and document my life as an entrepreneur and CEO of MELT Property.