As a sector, we can lower the impact of market volatility by making sensible, prudent decisions that secure a level of certainty and calmness that helps people to know where they stand. This is a time for a period of reflection, seeing how the market looks and being sensible.
The basics remain the same – the need the take stock of location and target market and go on from there to buy well.
We can be reassured by economic fundamentals such as the high levels of equity and savings people have in this country. Those with a lot of equity will rely less on the need for a mortgage. A rise in equity-driven demand will see investors, developers, lenders and finance specialists increasingly having to accommodate such a customer persona as we change tack to seek out the opportunities.
In so doing, we complement the capability of entrepreneurs in all business sectors, and indeed government strategists, to stimulate growth in new areas by investing where there are likely to be economic returns.
Our job as a property finance specialist making decisions in this challenging period is to work through our ongoing pipeline of deals, price and underwrite as accurately as we can and help our customers continue to generate growth and prosperity.