ReJoyce Posted December 3, 2010 Report Share Posted December 3, 2010 (edited) 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 December 3, 2010 by ReJoyce Quote Link to post Share on other sites
Si1 Posted December 3, 2010 Report Share Posted December 3, 2010 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 Quote Link to post Share on other sites
Meat Puppet Posted December 3, 2010 Report Share Posted December 3, 2010 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. Quote Link to post Share on other sites
guitarman001 Posted December 3, 2010 Report Share Posted December 3, 2010 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. Quote Link to post Share on other sites
blankster Posted December 3, 2010 Report Share Posted December 3, 2010 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. Quote Link to post Share on other sites
Bruce Banner Posted December 3, 2010 Report Share Posted December 3, 2010 Tony Pidgley (Sr) is a shrewd operator, if anyone can buck the market he can. Quote Link to post Share on other sites
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