Entering the blogosphere - Expectations for 2011
Evolution dictates that Broadway Heritage Plc (see www.broadwayplc.com , as a thoughtful property developer of beautiful homes in stunning locations, needs to have a Web Log and that the last man standing at the 2011 Broadway Heritage Business Planning Session on January 4th 2011 would be charged with the responsibility of setting it up and keeping it up to date. That person is me and my profile can be admired at here.
There is no doubt that, as we enter our 10th year of operation, we also enter unchartered waters. Our first few years were characterised by rising, stable markets - at least until we got to 2007 when everything adjusted and since when we have seen a new type of stability! Our expectations (and indeed those of our agents) are that 2011 will be characterised by low or no price growth. Activity will be about the same as in 2010 which means that those who feel they need to sell will sell - whilst those who don't need to sell probably won't.
There is no doubt that, as we enter our 10th year of operation, we also enter unchartered waters. Our first few years were characterised by rising, stable markets - at least until we got to 2007 when everything adjusted and since when we have seen a new type of stability! Our expectations (and indeed those of our agents) are that 2011 will be characterised by low or no price growth. Activity will be about the same as in 2010 which means that those who feel they need to sell will sell - whilst those who don't need to sell probably won't.
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