Is now actually a great time to start your development project?
I've been observing a trend among developers lately. It seems like many are putting their building plans on hold due to the current high costs of development financing. Understandably, everyone is waiting for rates to stabilize or, ideally, decrease significantly before starting into new projects.
However, it got me thinking, if a considerable number of developers are reaching the same conclusion and delaying their projects, could this actually be a great moment to consider starting your development?
By initiating your project now, you'd be ahead of the curve. While others are holding off you could be making progress, ensuring that your supply is built and ready to hit the market before the majority of developers who are waiting to build.