Sounds like everyone commenting here couldn't call bottom and want a double dip. What a bunch of ney Sayers the UK and journalists are. As for Mr Branson, I best hold my tongue, any respe.ct I had for him has disappeared with his stock value. Hahahahaha..
Post-Brexit gloom about UK residential property has taken hold, with investors pricing in a 5 per cent fall in home values over the coming year.
Housebuilders have been among the stocks worst hit by the sell-off since Thursday’s vote to leave the EU. The decline has been fuelled by fears that uncertainty will prompt consumers to delay homebuying decisions, weighing on house prices, while longer-term economic weakness could also set in.
Samuel Tombs, chief UK economist at Pantheon… Read More
Market observers now expect that the post-Brexit uncertainty will cause an initial chill in the housing market as consumers defer decisions. But the longer-term impact will depend on the economic fallout, potential interest rate rises, and to what extent London can retain its status as a global financial centre.
Analysts at Bank of America Merrill Lynch expect a 10 per cent drop in transaction volumes combined with a 10 per cent house price correction over the coming year — among the… Read More
The trading report today was unusual for Redrow to publish, most likely due to the fall in SP over the last few days. This report was also before the end of the fiscal year.s trading. I would not be surprised if the final dividend for this year did not move substantially towards the EPS/3 to increase the yield so as to appeal to the investor.
next.ft.com Spiralling costs stall London housing projects June 23, 2016 by: Judith Evans and Gill Plimmer
Spiralling construction costs have stalled a series of residential building projects across London, with several developers seeking to renegotiate with planners on the grounds that their schemes have become unviable.
A shortage of labour has driven London construction costs steeply upwards. According to contractor and developer estimates, they have risen by as much as 10 per cent… Read More
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