It’s no doubt that the property market is down and it’s not just Sydney and Melbourne. London house prices are slumping as a result of Brexit, China’s new mortgage curbs and buying thresholds have had a similar effect in Beijing and New York is now experiencing the biggest plunge since the 2008 financial crisis.
It’s the same conversation everywhere: decreasing property revenue, economic instability and a lack of consumer confidence. What doesn’t get talked about enough is what developers and the property industry should be doing during a property downturn. It’s time that we realise that where uncertainty exists, the opportunity is never far behind. It’s time for the property industry to embrace new technologies to lay smarter, greener, future-proof foundations.
We have the formula to turn this doom into a boom. Want to know the secret?
Get in touch.