WELCOME to the 2020's Mallory Irvine | Private Office | Property Consultancy

WELCOME to the 2020's Mallory Irvine | Private Office | Property Consultancy


How long does it take for an Ocean Liner to change direction?
The property market is on the 'turn' but do not expect prices to increase overnight.
During my profession; I have bared witness to the last three 20yr cycles that effect global finance which, in turn, effects house prices.
1988-89: Housing market collapsed / mortgage rates exceeded 15%. Repossession became a household term. It was more embarrassing to say your parents were splitting up than it was to say that you have ‘handed your keys in’ and stuck two fingers up to the banks.
2008-09: Lehman Brothers sent the world into spiral with the exposure of sub-prime debt being traded across global financial markets. The banks may well have been bailed out but the public paid the price and the property market stalled.
2018-19 Brexit and a minority government created quiet and uncertain times for property, as homeowners contemplated the definition of the right time to buy/sell.
2020 arrives. With a majority government that holds the support of financial institutions and the Brexit question has been answered.
Consequently the portals are broadcasting unparalleled levels of interest of their sites.
The property market is due to change direction positively but it will take time.

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