Don't get me wrong I have been shorting this for about a month but the reason house prices are down is because lots of buy to let properties have been sold in March which tend to be lower value high yield. This is why the average is down having said that house prices will be falling soon IMHO|
Anna White, head of property
28 APRIL 2016 • 12:09PM
House prices in all the regions in England and Wales apart from London and the East fell in March, according to new data from the Land Registry.
Considered by industry experts to be the most accurate of all the house price indices, fresh figures showed that property values edged down across the country, even in the high-demand South East.|
|I will be buying in tomorrow so am very pleased with the fall. I have put these in my monthly investments so I can average down if they fall. The Brexit angle has weighed on these but as that is never going to happen then it has created a useful buying opportunity. There will be a definite bounce after the June referendum goes as expected. This has gone from 650p to less than £5 in six months with no change in fundamentals|
|I'll certainly keep an eye out for that happening. All other things being equal I could well be tempted again.|
|well give it a month or two and you will be able to pick some up for sub £4|
|Well, in spite of(maybe because of?) all the omens, downhill chart, Telegraph article suggesting the builders are value traps and to steer clear, Brexit vote, etc., etc. I couldn't resist a few at just under a fiver! Good fortune to holders.|
|Dogwalker, only ease back that is hardly going to stop anybody buying. when it is dirrectly followed with a 25% rise.|
|taffee, Barratt, with the others, has been in a downtrend for some months in anticipation of all the uncertainties. The question for the bears must surely be 'what new surprises are there to keep shoving the share price down'?
Meanwhile, there are huge dividend payouts to come, posing a tricky conundrum for some of the shorters, I suggest.
BDEV goes ex-div next week I think.|
|well barratt certainly in a downtrend/bear market that's for sure...question is will 500p hold?......to be fair builders updates have been full of the joys of spring but underlying there are deep structural issues over the property market....i.e.. we are in a massive humungous bubble based on loose credit and props not seen since japan in the 1990s
property is illiquid in a bad market so don't all rush for the exits at the same time
There is no shortage of property or land to build it on...its a speculative bubble|
|Hello again rwlly. The article posted by taffee quotes RICS as headlining the fact that house prices, according to their survey of members, are, or are due, to ease back (that's 'fall') in the immediate future. So RICS are not trying to stop prices from falling by always saying they're rising.
If people doubt RICS' abilities or intentions in trying to forecast, or in arguing their opinion about prospects, then RICS shouldn't be believed either way re house price movements.
But what you can't honestly do is tout one bit of what RICS predict - house price falls - while disdaining them if they go on to predict price increases later, for whatever reasons.|
|Dogwalker, I assume it is estate agents making the predictions, no sales no work.O and by the way if every buyer just held off buying for a few months you would soon find out which way the market would go. Hence the importance of keep talking the market up.|
|There we ...went.Erm, now what?!|
|Cynical,rwlly,but maybe true? If so, then why say anything either way?
Their credibility rests on predicting ups & downs.
Back here , we just have that gap to fill from 7th-8th May last year, down to £5.15.|
|Dogwalker The reason they are saying they are going to rise by 25% is to try and stop them from falling, after all if all predictions were for a 25% fall most buyers would just sit on their hands.|
|The same article goes on to say that house prices are predicted by the same set of currently jittery people to rise by 25% over the next 5 years. I don't know how they can say that but there you go.
Meanwhile, nervous investors have helped the value of this co. to fall by 20% in the past 6 months.If we think that the stock market looks ahead then quite possibly the current supposed problems for house builders are already discounted enough by now. We're overdue a bit of a rally.|
|A 'climate of uncertainty' is brewing across Britain's housing market, as the looming prospect of a potential Brexit, buy-to-let investor jitters and a weaker pound take their toll, findings by a leading industry body suggest.
For the first time since 2008, expectations for house sales have dipped into negative territory, the Royal Institution of Chartered Surveyors said.
Nearly 40 per cent of surveyors told RICS they expect London property prices to fall over the next three months.
|Italy's banks face bailout
so money printing nzirp and other props have completely failed then....surprise surprise|
|Looks like 500p is on the the cards|
|Thanks for the link Tudes100. I have repeated below with an active link and reproduced the relevant Barratt piece too.
Barratt Developments Plc has hired broker Cushman & Wakefield Inc. to sell a portfolio of more than 300 apartments in the Fulham, Nine Elms, Aldgate and Hendon districts which will be valued at about 320 million pounds when completed, according to Estates Gazette. Barratt will only sell “if we could achieve the right values,” a spokesman for the homebuilder said by e-mail. The company regularly offers bulk sales as a means of reducing marketing costs, he said.
Nothing new for BDEV by the looks of things then. Still holding. Have received dividends and capital return so far and look forward to the next capital return :-)|
reference to some BDEV projects...|
|Persimmon were asked and they say it will have no effect on them.|
|Shares in some of the UK’s housebuilders dropped as fears of a UK exit from the European Union and a three-year low in housing delivery caused confidence in the industry to waver.
The stocks have been some of the strongest in recent weeks, but talk of the residential market reaching a peak, particularly in London, and investors sitting on their hands while a decision about the UK’s future in the EU is made, mean there was a price slide on Monday.
|Property sellers in some of London's most prestigious postcodes are having to lop thousands of pounds off the asking price in order to sell, a global estate agent says.
In a sign the capital's housing market could be cooling rapidly, values in 'prime' central London nudged ahead by just 0.8 per cent in the year to March – the lowest figure since October 2009, when the world was gripped by the financial crisis.
Hardest hit have been home values in Knightsbridge, Knight Frank says. In the last year, prices plummeted 6.8 per cent.
|Good question - I think more likely given the addition is dated 14/3 on the RNS they used price weakness to top up (or in my case add some side shares as a trade) as better to run with the trend than try to call against it (which was easy to do with a tight stop for a good risk:reward).
Positive write up in the FT:
Homebuilders were bolstered by plans to accelerate housing investment and more flexible Isa savings plans. Taylor Wimpey traded up 3.4 per cent to 187.6p, Barratt Developments gained 3.2 per cent to 572.5p, Berkeley rose 2.6 per cent to 3098.9p and Persimmon ticked up 2.4 per cent to 2075.1p.|
|So why has Blackrock got a big chunk? Takeover?|