Residential property - Out of crisis, opportunity
Some brokers are shying away from the residential property market in the current gloomy economic landscape. However, under the surface lurks a highly accessible and competitive multi-tenancy market, writes Katherine Brandon
Many house builders face difficulties in today's economy. Big developers are cutting their losses, such as Vermont, which has shelved its £40m flagship Manchester develpoment, Foundry Wharf. However, opportunities exist for brokers in the new-homes market as the government drives for three million new domiciles by 2020.
With a huge range of policies on offer and last summer's floods driving consumer behaviour, managing agents are now turning to brokers.
Many brokers have a small number of
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