Monday, Aug 24, 2009
Oh dear,
FT: Bovis sees housing market stabilise
Bovis Homes said on Monday that the UK housing market had stabilised to the point where it was considering making purchases of land this year.
Posted by smiling @ 11:22 AM (1057 views) Add Comment
6 Comments
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1. paul said...
The housebuilder did not raise sales forecasts for the year
Revenues for the six months to June 30 fell 18 per cent
The company made a pre-tax loss of £8.6m from a profit of £9.5m a year ago.
Hardly a glowing report on the state of the housebuildiung market is it? Funny how they keep talking about the receovery rather than supporting it with figures.
2. new user 2007 said...
"Bovis saw a 92 per cent jump in private reservations to 901 homes after offering a series of incentives, such as price cuts, especially to first-time buyers."
Significant in a country with 27mn properties. Besides, if one looks at the relevant underlying financial numbers, they are still down, but at a decelerating rate.
No one said all economic activity would sink into oblivion. Unless of course Smiling thinks that this is what the site is saying...again, very wrong assumptions.
3. quiet guy said...
Smiling,
Any chance of telling us something about your views for the UK housing market? This substance of this article is rather bearish about the short term prospects for UK property yet your article titles seem to be implicitly bullish.
4. techieman said...
Good im any tick for the contrarians!
5. quiet guy said...
@Smiling
Ah! I missed your contribution to the Asian shares story:
"get in before it's too late. HPC has been sunk, only the blind stay aboard"
Oh well. Glorious Sunshine used to compose songs and Greenbay wrote (well actually plagiarised) essays sbout the property market. No chance of engaging with us a bit more instead of the drive by postings?
6. phdinbubbles said...
When you're smiling
When you're smiling
The whole world laughs at you