rollover Posted June 9, 2016 Share Posted June 9, 2016 (edited) 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 June 9, 2016 by rollover Quote Link to comment Share on other sites More sharing options...
canbuywontbuy Posted June 9, 2016 Share Posted June 9, 2016 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. Quote Link to comment Share on other sites More sharing options...
Rigged Posted June 9, 2016 Share Posted June 9, 2016 (edited) 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 June 9, 2016 by Rigged Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 9, 2016 Share Posted June 9, 2016 Best thread title for some time Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 9, 2016 Share Posted June 9, 2016 " 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 Quote Link to comment Share on other sites More sharing options...
mattyboy1973 Posted June 9, 2016 Share Posted June 9, 2016 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. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 9, 2016 Share Posted June 9, 2016 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. + 1 Quote Link to comment Share on other sites More sharing options...
Kiwi Toast Posted June 9, 2016 Share Posted June 9, 2016 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. Quote Link to comment Share on other sites More sharing options...
Rigged Posted June 9, 2016 Share Posted June 9, 2016 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. He now knows the extent and has gone for HTB London and wants more according to his twitter account. https://twitter.com/George_Osborne/status/739426498466189312 You give him more credit than he deserves. Quote Link to comment Share on other sites More sharing options...
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