My World: June 2021…
This is part of a series of articles where our contributors describe how they think things will look a year from now.
COVID-19 has brought another devasting yet challenging news in the year of 2020. Staying safe has rose to become my utmost priority whilst it saddens me to observe the community who have to experience the devastating effects the virus has brought to us, wrestling with the fallout from the pandemic, but yet it amazes me to see people united together to combat this situation. This is the time where we have seen our self rely on technology more than ever, when social distancing has taken strong effect. From my online calls on Zoom to e-commerce websites. In contrast, cherishing the free time I have as I explore the rural parts of the city I have never intended to ever, realising that I am only familiar with only a fraction of the place I spent my childhood in.
As an oversees investor spending most of my time in London for the past 7 years, I have been able to witness events that have come through the city. I consider myself lucky having sold off a large portion of our property portfolio during the height of the market in 2015, whilst holding some for rental income and recently been pleased by the number of offers we have received for a property we have listed for sale.
Unfortunately, with what society has experienced recently, 2021 will not be much improvement if any. However, to think on the bright side, there are plenty of good value opportunities as the world is heading to global recession, but one has to be selective as the recession will be on for several years. (Take the financial crisis in 2008 as an example). In this world of survival, past crisis has demonstrated what we have learnt that can be applied to today’s scenario, take the much demanded office property sector as an example, which have suffered a huge hit in 2008, leaving only the strongest standing. From this stance, we therefore continue to look ultimately on the residential sector. Eyeing attentively at attractive locations at an
My predictions for June 2021…
UK in recession: Yes
Sterling vs US$: Higher
Sterling vs Euro: Higher
UK base rate: Lower than 1%
UK RPI: Lower than 2%
Halifax UK house price Index: Lower
US President: Trump
UK/EU Trade Deal: Yes
UK/ USA Trade Deal: Yes
When this is all over, the way we perceive the world will definitely be not the same, however I must remain optimistic with the belief of “Buy low, sell high”. My guess is as good as any, but I have and always will have faith in London, longing for the positives the crisis brings.
