Tahir Butt
London-based property developer, crypto start-up investor and entrepreneur
Tahir Butt
London-based property developer, crypto start-up investor and entrepreneur
This is the blog of Tahir Butt, London-based property developer, crypto start-up investor and entrepreneur. This blog will explore various aspects of Tahir’s professional career and personal interests, covering topics such as how to get started in property development, property development trends, the impact of AI on the crypto industry and the power of Web3.
Property
Investing in property can be an effective way to build wealth, and property development, if undertaken properly, can yield significant returns. In September 2022, the global real estate agency Savills predicted that house prices would increase by 13.1% over the next four years and that urban area rents would return to their post-pandemic levels. For those considering setting up a property development business, it’s vital to create a comprehensive business plan. This means considering the target market and the type of properties likely to appeal to it, the route via which funding will be obtained, and the anticipated timescales and costs regarding renovation or construction.
Property developers need to stay on top of emerging trends within the property market. A key trend of 2023 is the increased demand for new build properties, with more buyers opting for new homes over older, period properties. Energy-efficient properties also remain popular, and there is a growing trend towards urban regeneration development projects.
Crypto
Tahir is a passionate believer in the power of cryptocurrencies and Web3 technology. AI is expected to have a major impact on the crypto landscape in a number of ways, promoting better security and facilitating the optimisation of crypto trading processes. A further anticipated benefit is improved mining and the ability to better develop smart contracts.
Supporters of Web3 suggest that it’s the future of the internet. Web3 will be a new internet underpinned by the blockchain, incorporating DAOs, NFTs, cryptocurrencies, decentralised finance and more. Crucially, it will offer an inherent read/write/own online experience, meaning that users will have more control over their web communities and a financial stake in them too.
Like cryptocurrencies, Web3 will run on ‘permissionless’ blockchains, which are without centralised control and don’t require users to ‘trust’ other users in order to transact business with them. This will likely change the entire dynamic of the internet as it currently exists, in which companies are typically keen to harvest as much data as possible from users. Potentially, Web3 could revolutionise the internet as we know it today.
