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Reports Of The Death Of The Housing Market Are Greatly Exaggerated

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Bellway shrugs off Brexit uncertainty as it's boosted by London Help to Buy - but shares drop on house price report

Completions were expected to rise 10 per cent in the full year to the end of July, while sales increased eight per cent to 196 per week, up from 182 per week in 2015. Bellway said it had been boosted by the introduction of London Help to Buy at the beginning of February, with usage of the scheme rising to 14 per cent of reservations in the capital. But despite the strong figures, shares fell 2.7 per cent to 2,590p in early trading... Bellway's results suggest house buyers' appetites remain unaffected by Brexit concerns - despite warnings to the contrary.

But Bellway's figures suggest the Brexocalypse may be some way off, which once again shows that Brexit is not a huge issue for UK housebuilders. Time to stop worrying, perhaps?

Edited by rollover

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I think it IS exaggerated. The government have too many tricks up their sleeve to ensure they truly pummel this nation into the ground. NIRP will arrive to shake those last few bears onto the bottom rung of the ladder.

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A change of leader/government/chancellor and these shares will be wiped out.

Anyone with a little common sense can see all HTB does is boost house prices, pity Gidiot lacks this trait.

Edited by Rigged

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" Bellway said it had been boosted by the introduction of London Help to Buy"

Private companies boosted by tax payer funded scheme....

Torues election campaign funded by property companies....

Hmmmmmm

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Anyone with a little common sense can see all HTB does is boost house prices, pity Gidiot lacks this trait.

Osborne is a lot of things, but he's not stupid. He knew exactly what the effect of HTB would be, although perhaps not the extent.

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I think Osborne is clever and knows he is lying. I worry that Cameron believes things he says (e.g. only wish I'd implemented HTB earlier).

But who knows? Osborne's recent scaremongering about Brexit leading to falling house prices might be considering evidence that he is stupid. But on the other hand, maybe he is just confident that those hoping to prevent falls will vote in greater numbers than those excited by the prospect of falls.

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