Unless you’ve been on Planet Zog for the past few days, you’ve probably noticed the 10 year ago posts on Facebook, Instagram and Twitter. You’ve seen them – a photo from a decade ago and a new one, as Auld Lang Syne and fireworks belted out in the night skies.
Now we’re not here to post a photo of David Frazer from 2009 and one from 2019, sadly perhaps, but to make you think about your property in the past 10 years and what could happen in the next 10 years to your home, your job, your car etc.
New Years are like that – a time to look back and look forward.
Ten years is a long time too.
In 2009, Gordon Brown was Prime Minister and now we have Boris Johnson. Manchester United won the Premier League back then. “Poker Face” was one of the biggest singles and “Avatar” the highest grossing movie.
Average house prices have shown a steep ascent in 10 years – £189,000 ten years ago which have now reached £273,000 with wild variations between regions.
What will 2020 bring?
There’s no crystal ball available we’re afraid, but many economists and property experts predict uncertainty. There may be greater political certainty with the election result on 13th December, but no one can accurately predict what will happen during the country’s departure from the EU. We can all guess but no one can be sure.
What we do know though at Envision CAD is that housing will remain a top priority in peoples’ lives. There are two surefire ways of making money in life – investment or property buying (or both).
With saving rates and borrowing rates at historic lows and the demand for homes outstripping supply, we believe that property growth will continue in the next decade.
How Envision CAD can help
If you’re a property developer or a homeowner looking to surf this wave for the next 10 years, we’re happy to advise you further. We do have a great network of builders, fellow planners and architects, real estate experts to guide you from 2020 to 2030 and beyond.
You may want to convert or extend – we can help you with this.
You may want to convert commercial premises or derelict sites into homes – we can help you with this.
You may want to invest in co-living schemes – which have grown massively in the past few years – we can help you with this.
Perhaps then in 2029 or 2030, you can look back at your property 10 year challenge and say, what a great decision we made to extend, improve, convert or develop in 2020.