The COVID-19 pandemic has had a profound impact on the day-to-day lives of everyone in the UK, and with the UK now on lockdown for another three weeks, it’s understandable that many are worried about property and investing in general during the uncertainty.
However, estate agents could be among the first businesses to reopen when the government relaxes social distancing restrictions. Earmarked as one of the industries that could quickly help offset some of the hit to the economy, the property market is integral to supporting the UK post-COVID-19.
According to plans laid out by Lord Gadhia and GlaxoSmithKline chairman Sir Jonathan Symonds, Britain will have to ‘learn to live with COVID’ until a vaccine is widely available.
The report states:
“The initial focus for reopening the economy should be on sectors that have the greatest multiplier effects with minimum risks – such as coffee shops and restaurants which support agriculture.
“The property market is another that has wide multiplier effects. We need to avoid a stop-start economy which would sap public morale and damage business confidence yet further.”
An Opportunity to Invest in Property
With the property market integral in supporting the UK’s economy post-coronavirus, this presents an opportunity for those looking to borrow and invest in property development projects and expand their portfolio. A specialist finance broker like Finance 4 Business will be able to talk you through your options in more detail.
We still have lenders active in the market that can support you with both bridging and loans for property development. You don’t have to wait – if you wish to discuss any cases with our team of experts, get started today.
Specialist Financial Broker
The Finance 4 Business team are now working from home, however, this doesn’t mean optimism or positivity has wavered.
Founder and Managing Director, Russell Martin, asserts that:
“Whilst uncertain times does provide for anxious moments, let’s not forget that the same times breed opportunity. Enquiries continue to come in and are being dealt with in the same way.”
“Let’s work together as this country is so accustomed to doing, and come through the other side stronger than before.”
Maintaining regular contact with our customers is something we pride ourselves in. At this uncertain time, Finance 4 Business remain stable and reliable when supporting you with your future business investments.