3. Tip two: interest rates are critical
3. Tip two: interest rates are critical (Image 3 of 6)
Always plan with interest rate fluctuations in mind. If you can't afford to keep your development if interest rates go up, sell now. Even if its not at the level you had hoped, it could save you in the long run. The chances are that there are a lot of people in a similar situation, and when rates do go up there will be a glut of properties on the market, which which will inevitably push house prices down.
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