Berkeley and housing stocks risk being evicted from FTSE 100 index August 31, 2016 Housebuilder Berkeley Group could be booted from the FTSE 100 today after a near 30 per cent slump in its share price so far this year. Building materials company Travis Perkins is also teetering on the edge of the blue-chip index with shares now down about 12.5 per cent since the UK voted to quit the [...]
The number of new homes completed fell in the second quarter August 25, 2016 The number of new homes completed fell in the three months to the end of June on the year before, suggesting fears over the outcome of the EU referendum were worrying builders. Some 34,920 new homes were completed in the three months between the beginning of April and the end of June, two per cent [...]
Housebuilder shares rise as Brexit fears look like a thing of the past August 24, 2016 Rumours of housebuilders' demise are greatly exaggerated. Builders were among the big winners on the FTSE 100 for the second day in a row this morning, after strong results from Persimmon yesterday suggested they are weathering the Brexit storm. Persimmon was up 2.5 per cent at 1,918p in mid-morning trading, while Barratt was up 2.7 per cent at 499.3p. [...]
The government’s high-profile Help to Buy scheme has come under fire because extra financial support cannot be used towards deposits August 20, 2016 A government scheme to support first-time buyers has been blasted by political rivals because a so-called "top-up" on savings cannot be used towards the deposit on a new home. Revealed in the pre-election 2015 Budget, the Help to Buy ISA provided a government boost to savings at a rate of 25 per cent. So a saver [...]
Bovis Homes Group reports strong revenue and profit growth but states it is too early to tell impact of EU referendum August 15, 2016 Bovis Homes Group struck a bullish tone in their half year results, with growth across a range of metrics. The catch? It's too early to tell the impact of the EU referendum. Its share price fell by more than two per cent on the news. The figures Bovis Homes Group posted revenue of £412.8m for the [...]
Housebuilders’ share prices suffer after construction output falls August 2, 2016 The post-Brexit vote rollercoaster for UK housebuilders is getting a bit predictable. After disappointing construction data was released this morning – albeit not as bad as expected – the big housebuilders' shares have taken a hit once again. Read more: Construction output tumbles at fastest pace since 2009 At time of writing, Berkeley Group's share price was [...]
New homes on sale in London: from apartments on London City Island to family homes in Edgware August 1, 2016 London City Island From £405,000 A summer party heralded the sale of 100 new homes on the enormous London City Island complex on Saturday. Developer EcoWorld Ballymore offered champagne ice pops, a BBQ and a DJ to entice prospective buyers to look at the studio to four bedroom apartments on the Leamouth Peninsula. There will be [...]
These are eight surprise winners and losers from the EU referendum July 23, 2016 Today is the one-month anniversary of the EU referendum. After years of debating whether or not a referendum on EU membership would be held, on 23 June the UK's voting populace trudged to polling stations and decided 52 per cent to 48 per cent to leave the organisation. Here are eight of the (perhaps surprising) winners and [...]
These companies have been the FTSE high-fliers and fallers since the referendum July 23, 2016 With all that's happened since 23 June, it's hard to believe it's only been a month since the UK came out in droves to vote in the EU referendum. While the FTSE 100 closed up 0.46 per cent yesterday in its fifth successive weekly advance, a number of companies on both the FTSE 100 and [...]
New homes on sale in London this weekend: from the biggest development in Chelsea for a century to the regeneration of Catford July 21, 2016 Chelsea Waterfront From £1.55m Overseas buyers are showing a strong interest in new homes at Chelsea Waterfront following the EU Referendum result, according to its developer Hutchinson Property Group. The first phase of the redevelopment of the former Lots Road Power Station has sold out, and 17 out of 28 units remain in the second [...]