Tuesday, April 28, 2009

“UK housing market will limp along at best during the remainder of 2009”

Housebuilders overvalued, warns broker

The UK's housebuilding sector faces significant headwinds in coming months and companies have risen to unrealistic values, Panmure Gordon warned today. The broker, which took the decision to cut its overall view on the sector from neutral to negative, instigating a 'trading sell' on housebuilders, said recent gains had taken prices across the sector too high, given that the housing market remain depressed and the economy was weak.

Posted by jack c @ 03:27 PM (693 views)
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