Today I ask Jo Chivers of Property Bloom, who features in my Property Millionaire book when is the best time to develop property?
It’s important to understand the property cycle so you are aware of each stage and choose the right times to be buying. Obviously, you want to buy when the market is low, but the best thing about developing property is no matter what time in the cycle it is, you are creating your own equity and not relying on capital growth.
However, if you start a property development when the market is about to rise, it’s like a double whammy. By the time you have completed, you have created equity AND received some capital growth. [Read more...]