Speaking to a friend of mine who works for the property division of one of the banks. She says they have done reasonably well this year by hitting their sales targets, which they did by selling their best stock with big discounts. She is worried that next year will be much more challenging. She expects they will have less room to move on price, and what they have left isn’t very nice anyway (and there’s a lot of it).
There’s a lot more to say about the market outlook for 2011. But first I want to go back and read what was said about 2010…. 😉