"In the long history of humankind (and animal kind, too) those who learned to collaborate and improvise most effectively have prevailed"
1871 Descent of Man Charles Darwin
On this most reflective of days, wondering what happened to our glorious nation overnight, the above quote came to mind. Whether you are a happy Leave voter or more likely an unhappy Remain Scottish voter, what can we make of this day in a broad sense and also, from our perspective from a business and property perspective. How will our very precious property market fair with all this talk of gloom and doom in the newspapers.
It is only our humble opinion but based on many years’ experience and also living and working through the recession of 2008. We need to improvise and adapt as soon as possible to the new order. Some people may wait and see how things develop before making any decisions, some may be bold and look for good opportunities in the market, others’ will pause for thought and put off decisions until more certainty is felt.
But we will continue and I am sure after the dust settles and the Governor of the Bank of England, Mark Carney said today, he is ready to do whatever is necessary to protect the UK property market. He may reduce interest rates, look at further quantitative easing. Mr Carney is viewed as the leading Central Banker in the world, he will not sit back and watch, he will act, he has a track record. We are confident of this.
In the words of: Hamish Pound, senior investment manager at IP Global, said: 'Despite short-term turbulence, the longer term trajectory for the UK property market is onward and upward, driven by the UK's resilient and globally-focused economy, transparent legal system, cultural, educational, lifestyle offerings, and rich history of adaptation and evolution.'
We agreed with Hamish Pound, there may be some short term turbulence but we are as sure as we can be that our property market will continue to move forward in good health.
If you have any questions or concerns about your property, buying or selling, please give us a call today.
image by BIGSTOCK used under license