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Property developer A & J Mucklow (Capitalised at £275m) had their interim results yesterday. The Chairman's statement was very cautious.

Aggressive bidding amongst investors and developers and a dwindling supply of available stock, has resulted in another reduction in property yields and further increases in capital values.
We are still finding it difficult to justify some of the high prices being paid for sites and investment properties, particularly when they occupy secondary locations and offer limited growth prospects. We have been diligently pursuing a number of prime development opportunities, in order to replenish our investment portfolio, but remain selective and careful not to overpay.

not exactly bullish....they seem to be looking for prices to fall.

http://www.companyannouncements.net/cgi-bi...700464518Z.html

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Property developer A & J Mucklow (Capitalised at £275m) had their interim results yesterday. The Chairman's statement was very cautious.

not exactly bullish....they seem to be looking for prices to fall.

http://www.companyannouncements.net/cgi-bi...700464518Z.html

Nice find.

At least its a company starting to admit that they are finding it difficult to identify good value investments in the current market.

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  • 302 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%



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