Despite the far reaching, and unprecedented impact that the Covid-19 pandemic has left in its wake, the property market prevailed in the face of adversary. A 10% rise in house prices in 2021 is a tangible illustration of this market’s buoyancy in spite of the rough conditions that it has been subject to in the past few years. The rise of inflation also presents a challenge as interest rates will be impacted.
Of course, there has undeniably been many who have suffered greatly under the pressures of the pandemic, with over 17,500 chain stores, and 10% of British restaurants closing in the UK freeing up commercial spaces. Regardless of these setbacks, residential property and a handful of commercial sectors continue to increase in value, and with it, an opportunity to redefine how we use commercial and office spaces transforming them innovative and exciting pop-up stores or new business ventures. Onwards and upwards!
