As
@Spadge Vernacular has pointed out here, there’s a potential opportunity to get a very good deal on a property if the timing is right. I’m constantly monitoring house prices and the economic factors. I predict house prices will fall up to around 8%, but things are getting very ugly out there and they could plunge much further.
Me and my friend fortunately have decent saving between us, so we can mitigate against the rising interest rates. It will be a case of living in them whilst working on them and doing it alongside full time jobs. It’ll start off as a supplement to income but it may become something bigger in time. It’s going to be very hard work for sure.
I’ve seen there’s been a large shift in what people want from properties now; modern aesthetics and energy efficiency. You can potentially make a lot of money if you get these two aspects right. Having two friends who are architects will help a bit, too.