Developers’ confidence grows as the market returns…
Hey guys,
Well I never thought that I would experience so soon after a ‘recession’ but it appears that the lead up to Christmas is still booming with demand at such a level that many developers are actually putting up prices. It appears that their level of certainty around the market is returning.
Just today I was chatting with James, our Director of Property who was telling me three separate stories of developers wanting more money on developments we are negotiating on. One even stated that the bank has told them that they cannot sell so cheap yet when we begun speaking with them 2 months ago the bank actually signed off on the initial deal.
Anyway this is probably a sign of things too come, gazumping, competition for plots, developers changing their minds, any of the ordinary fun and games of property in a growing market.
Obviously it’s good news for investors although it means that prices may continue to rise.
Live with passion,
Brett
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