Builders19 Aug 2015 21:52
I've only recently returned to live in London and have shares in several of the big companies plus a couple of smaller ones.
Today I walked along the Thames Path from Putney Bridge to Vauxhall (including diversions) and going at that slow speed it seems as if the whole riverside area apart from Battersea Park itself is a major building site.
All the major household name companies appear to be well represented plus plenty of others. The sites are crawling with men and the prices of smallish 2 bed flats is incredible considering how many there are being built.
From what I saw today the present boom has some way to go as many of the sites are only just getting underway, and some are huge.
To me it looks like putting small boxes inside big boxes at £600k a time should see profits and yields steadily climbing across the sector for some long time yet, barring unforeseen disasters.
So having said that expect the whole edifice to come tumbling down in the next few weeks!!
It does sometimes seem as though the bb's are treated like football teams by some posters, ie you can only support one, which I find a bit difficult to understand sometimes, when it is so difficult to know which company is going to be doing better in the next year or so.
atb to all in the sector imo