Even the most optimistic property operators will agree that the key economic indicators for 2023 point to a challenging year ahead.
I’ve recently written another article covering the economic outlooks of 2023 which covers the ongoing cost of living crisis, higher interest rates & continuing high inflation. All of which will weigh heavily on the property sector for much of the year with property prices expected to fall and a recession also on the way.
However, it’s important in times like this we recognise that historically downturns present their own opportunities to those who plan and are well resourced. Below are some of our thoughts about how our clients can take back control of 2023 and prosper.