The property market in the UK has had its fair share of ups and downs in recent times. From uncertainty around interest rates and housing prices to the challenges posed by economic fluctuations, developers have had to navigate a turbulent market. Here’s where choosing renovation over new-build could potentially help increase stability for developers.
In periods of market volatility, it’s often riskier to invest in new builds, which require significant capital and long timelines. Renovations, however, can be quicker to market and often need a smaller initial investment.
By focusing on refurbishment, developers can pivot more easily in response to market changes, ensuring a better chance of a profitable exit. So, in an ever-changing landscape, refurbishment loans offer not just financial support but a form of risk mitigation, enabling you to adapt and keep your competitive edge.
Adding this perspective to your strategy can make a world of difference, particularly in these uncertain times.