Wednesday, January 9, 2008

Persimmon sales slump (down 14%) but its average house price went up by… hold on tight…. a fantastik 0.7% last year…

Persimmon puts faith in spring growth

Persimmon, the housebuilder, has posted a 14 per cent reduction in forward sales for early 2008, blaming challenging market conditions, but believes that falling interest rates will spur a recovery. AH AHHHH AHHAHAHAH. Persimmon's average selling price, however, increased to £189,558 from £188,129. MWAUUU AHHHAH HAHAHHAH

Posted by confused76 @ 02:47 PM (866 views)
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5 thoughts on “Persimmon sales slump (down 14%) but its average house price went up by… hold on tight…. a fantastik 0.7% last year…

  • but in fact, the actual selling prices (net of incentives) declined in 2007

    http://www.telegraph.co.uk/money/main.jhtml;jsessionid=E4GLYE51H4BGBQFIQMFCFGGAVCBQYIV0?xml=/money/2008/01/09/bcnpersim109.xml

    “Persimmon completed 15,905 sales during 2007, 5pc fewer than the year before. Mr Farley said that Persimmon had increased the number of incentives offered to buyers such as assisting with deposit payments and moving costs.” AUUUAU AUUUUUUHHAHAHHAHAHHAHAHH

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  • From the article – “Persimmon, which is based in York, said that it was well set to take advantage of the market if and when it picked up and that it believed that the “underlying fundamentals for our industry remain intact and supportive”

    – obviously borrowing heavily from Gordo’s script with the use of “underlying fundamentals” (they missed out the word “strong”) – I’ll now keep a look out for a profits warning in the next 3 months as and when things don’t pick up !

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  • Persimmon have built a lot of flats around chester and liverpool and they are not selling…. so unless their spring growth will be from fantasy land….. then i cant see it…

    To be very blunt….THE HOUSING MARKET IS FINISHED …….. at least for the next 5 years…

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  • read this
    it s hilarious

    “City can ride property storm” MWUAUUUAH HAHHAHH AHAHHAH
    http://www.manchestereveningnews.co.uk/news/s/1031077_city_can_ride_property_storm
    WE once talked about the property ladder, says one doom-monger, but a couple of years from now we will be talking about the property snake.

    This is the bleak prognostication of Jonathan Davis, a financial planner who helps run housepricecrash.co.uk, a website dedicated to what it warns will be “one of the potentially biggest economic boom-bust events in living memory”.

    But is every home-owner in Britain – as Davis suggests in the Tonight programme Britain’s Biggest House Price Falls at 10pm this evening – really playing a giant game of Snakes and Ladders in which we are about to throw the wrong number?

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  • Thanks confused76, great to cu are back on form MWUAUUUAH HAHHAHH AHAHHAH!

    What’s happened is simple: a complete collapse in financial instruments, which previously had been the only driver behind UK economic growth.

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