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industry insight during covid-19 – property sector

Chris
Property sector during COVID-19

Here is the fourth of our series of insights during COVID-19 from Gary Russell from Mulberry Homes who build luxury homes to their clients’ specifications and beyond.

We hope this insight helps you understand what is actually happening in the property sector rather than speculation, helping to get businesses back to normal as quickly as possible. Maybe time to start planning your dream home with Mulberry Homes.

Industry Insights from: Gary Russell
Company: Mulberry Homes Ltd
Position: Managing Director

Q1. Are you still operational as a business and is this currently normal in your sector?

We had 3 weeks break but back now.

Q2. If still working how have you had to adapt your business to keep working?

Yes.

Q3. What’s the biggest negative impact COVID-19 has had on your industry so far?

Material supply.

Q4. Have you found any new business opportunities during COVID-19 for your industry or any positives that have come from this situation?

Enquiries for new houses increasing from London.

Q5. How are you supporting your clients out of the ordinary during COVID-19?

We are new homes developers so n/a.

Q6. What’s the most important thing that COVID-19 has taught you so far in your industry?

How important sentiment is, can change from one extreme to another in a few days.

Q7. Would you say that currently during COVID-19 your industry is on a decline, plateau or incline and what makes you think this?

Decline, if houses cannot be sold, people cannot move then it is deadlock.

Q8. If anything, what more do you think the government can do to support your industry?

Allow Estate Agents and removal firms to operate.

Q9. If you are not already when do you think you will be back working from your office, will you have to adapt the way you work initially and if so how?

I am back, the rest in 3 weeks time. Yes, we have adapted but nowhere near as efficient.

Q10. When do you think it will be “business as usual” again for your industry and what makes you think this?

6 months probably, there is always a lag.

Q11. What do you miss most during lockdown?

Hobbies that help relaxation needed more than ever in this stressful time.

Q12. What’s the best tip you can give to others to help them cope with life in lockdown, both in business and personal life?

Look for positives, there are a few and focus on those.


Thank you to Gary Russell from Mulberry Homes Ltd for taking part in this survey. If you would like to give insights into your industry during COVID-19 to help other businesses please get in touch.

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