Okay so, we all know that the Coronavirus outbreak and subsequent lockdowns has affected all manner of businesses throughout the United Kingdom but since the vaccine roll-out and gentle easing of restrictions, we need to know…how safe is it to invest in a post-Covid world?
In terms of property development, Paresh Raja (Market Financial Solutions) and Rishi Sunak are of the belief that investors can expect a significant growth in value of their assets providing they adapt to, “the new normal”. Especially when we consider that in 2020 the housing market boomed to such a considerable extent after four years of Brexit related stagnation and forecasters have envisioned a 4% rise in property investment throughout 2021. Even better, there is a prediction that foreign investors may also benefit from the expected property boom.
All sounds rather promising right? Of course, there are different types of property investment (student lets, care homes, buy to let) that appeal to an array of investors however each sector has proven to be resilient throughout the pandemic. In particular, the percentage of completed Build To Rent homes increased by 23% last year and over 20% more buildings were planned for construction, indicating that buyers can enter the market with confidence of a return on their investment.
The next step, naturally, will be to ensure that each property is kitted out with the stylish, high quality furniture that will entice renters and so, this is where Base Furnishings comes in. We have gained considerable experience working on a range of case studies for organizations such as Portland Brown Serviced Apartments and St. Modwen to name but a few. As we anticipate a boom in the property market, we will ensure that our team approach their duties with the same level of dedication and professionalism they have previously shown.