2. The current market: cause for panic?
2. The current market: cause for panic? (Image 2 of 6)
Would you advise people to go into property development at the moment?
Sarah: Yes, but no more or less so than before - if your figures really stack up then go ahead, but I would suggest that you either take on a development that can be turned around quickly, before there is time for the market to change much, or that is a long term development that will take many years to complete.
So your approach to property development hasn't changed, given the current state of the housing market?
Sarah: Mine hasn't really changed much, apart from the fact it's more important than ever to stick to sensible figures. You should make sure you have a realistic resale value for today's market, a 20 per cent profit margin and a very realistic budget, which it's imperative you stick to.
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