Jump to content
House Price Crash Forum
Sign in to follow this  
ReJoyce

Bullish Berkeley

Recommended Posts

Berkely homes are sounding very happy with things right now:

http://www.google.com/hostednews/ukpress/article/ALeqM5j4REy6m57ofq-ftxcAI3pWbLQLZg?docId=N0417831291371171124A

"The group, which focuses on London and the South East, reported a 20% rise in reservations, driven by a surge in the number of sites on offer, stable prices and strong demand in the capital."

and

""he Surrey-based firm said it also believes house prices and transactions should remain stable in the coming year."

and

"Managing director Rob Perrins said: "Overall, this strong performance provides the board with confidence that Berkeley can outperform management's original expectations for the current year and is well placed for the following year."

Seems there is confidence there in fewer transactions and enough demand to prop things up. Comments?

Regards

J

Edited by ReJoyce

Share this post


Link to post
Share on other sites
Berkeley saw revenues increase by 16% to £336.2 million in the six months to October 31,

based on data until end of October I would agree

Share this post


Link to post
Share on other sites

Sounds to me like they are desperate for the liar loan to return.

http://www.telegraph.co.uk/finance/newsbysector/constructionandproperty/8178359/Berkeley-profits-up-as-it-pleads-for-looser-lending.html

"Any regulation of mortgages to further restrict the banks' ability to lend at sensible loan to value levels must be introduced sensitively," it said. "Irresponsible lending must be prevented but there should be sufficient flexibility to allow hard-working people who are able to meet their mortgage commitments, and who are in the very substantial majority, to acquire their own home, while providing a support mechanism for those who do fall into difficulty.

They must have the same PR firm as Gordon Brown.

Share this post


Link to post
Share on other sites

I've been getting hammered with builder shares. Down down down they kept going then I sold and now up up up today!! Staying out until there's some certainty. Talk about catching a falling knife.

Share this post


Link to post
Share on other sites

There's still a lot of people people doing well and they probably don't pay any attention to the housing market trends, only to what sort of house they can afford now.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 277 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.