Brett's Weekly Property News - 10th February 2009
Brett Alegre-WoodChairman, YPC Group
Hey guys,
Welcome to the this week's video market update! Glad to have you back!
People have been calling it the worst recession since the war, etc.. Are they right? Is what's happening now just a normal part of the property cycle? Or is there more to it?
Executive's bonuses are being denied left and right. Do they deserve them? Is there another side to the story?
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Developers are 'out of stock' and 'out of options'. Here at YPC, we're really finding it tough to find good stock that fits our model for our clients. There's lots of crap out there, so be careful and remember that if you want impartial advice on any deal you've been offered, give the team a call and we'll be happy to give you an honest, no-salesy opinion.
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My thoughts for the coming week: the market's started to bounce back - the gears are turning again, which is great news. If you can, jump in and grab the last stock units because they're really drying up as we move to off plan, which has really gotten a bad name over the past few years simply because people were using it in the wrong phase of the market.
If you have any questions or want some help with planning for the 'What if's' then give the team a call on 0207 812 1255.
Live with passion,
Brett Alegre-Wood
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