Barratt Developments Share Discussion Threads

[alphabeta4] 13/5/2015 08:02

Imo these will be £8 within 18 months barring a Greece Euro exit (or an early Euro referendum exit decision). If you look at historic house price cycles it is still early on. The lack of supply remains the key and this isn't going to change any time soon.

[cockneyrebel] 13/5/2015 07:53

Read the word 'Strong' in there taffee -

"Following a good start to the calendar year our sales performance has remained strong"

"Housing completions for FY15 expected to be ahead of previous guidance at c. 16,100 (FY14: 14,838) (including joint ventures ('JVs')) "

Too many good highlights to post them here for you :-)

All imo

CR

[1gw] 13/5/2015 07:09

Yes, Mark Clare going out on a high. Superb trading statement.

[mirabeau] 13/5/2015 07:05

Breakout into new highs on that statement. The election of a majority tory govt is simply icing on the cake

[cockneyrebel] 12/5/2015 17:24

Actually taffee I think you'll find you're wrong. Like stocks, when interest rates start to rise the markets usually regard it as a sign that the economy is strengthening and prices usually rise on stocks and still rise on houses. The rise may slow down but it's still a rise. If rates are rising it's usually because people have more money in their pockets - it's not till those rate rises outweigh the rise in disposable income that house prices fall.

Economies around the world still aren't strong enough for anything other than really small 0.25% rises and there will be space between them so the Fed can gauge the effect.

You're living in hope that you can claw back some of the 65% rise these have done since Aug on your short imo.

CR

[rwlly] 12/5/2015 16:51

There are sufficient houses,it is just that a lot of them are in the wrong hands? A lot off the buy to let houses would be suitable for first time buyers if they were the price they should be, and they would be if the government were to stop thowing billions of pounds worth of housing benefit at private landlords. Dont you think it would be better for the younger generation to be buying a property at say a 300 ppm mortgage instead of 450 ppm in rent without ever having a chance at ownership

[taffee] 12/5/2015 13:37

when U.S. raised rates prices plunged which doesn't fit into your scenario.

Reality is things are so bad current policy is to kick the can down the road cos
They don't know what else to do..we shouldn't be in a housing boom if our economy
Is weak...it's all skewed

[1gw] 12/5/2015 13:33

BoE inflation report as well tomorrow. Could be an interesting day...

[cockneyrebel] 12/5/2015 13:14

Nope, sorry - interest rates are are just a symptom of weak economies imo. The economy drives rates, not the other way around.

When rates start rising it will be because we have more money in our pockets and we are spending more - so house prices will rise even more and faster then imo. That will work up to a point where people are taking too much cash out of their house values and inflation gets out of hand - that's when rates will slow the housing market imo.

Meanwhile you have baby boomers getting their hands on the whole of their pensions and throwing cash at their spoilt little sprogs to get a deposit on a property - how does that help the market slow down?

BDEV trading update tomorrow.

All imo

CR

[taffee] 12/5/2015 08:08

Bill gross thinks the investing world has gone mad

[taffee] 12/5/2015 07:20

Actually only 6% of land is built in in the UK....and 2008/2009 prices were falling
And supply was shall we say very very plentiful....the only reason things are
Like they are is near zero rates help to buy overpriced property and other props...
The same conditions that almost bought the whole financial system to a stop

[cockneyrebel] 11/5/2015 19:07

Well when we are a small island and land is limited and we have 250-350K people a year coming here on top of the endemic population growth you either build loads more houses or prices rise. As I seem to recall, land is pretty plentiful in the US and even in the tornado belts they build them out of wood so we aren't comparing like with like. If you look at New York or Tokyo then London prices are no different to there.

When we have so many buy to let's going on too then how does that reduce demand?

When you weigh all that up rather than what taffee does by reading all the codswallop in the press you can just see why housing in the UK is weighted towards rising imo. And if you go back in time, there's always those casandras forecasting the end of the property boom but they have been wrong since the 70's.

If in 1970 you had said to my dad his council house would be selling for £100k today he'd have called the asylum. He also grew up at St Katherine's Dock in Whitechapel - a tenement block that you wouldn't let a dog live in today - this is it now:



It's been like that since the first house was built - and tho never a guarantee, the past is the best guide to the future.

All imo/dyor etc

CR

[rwlly] 11/5/2015 18:01

Yes CokneyRebel, But it does not alter the fact that average property prices in the UK are now double what they are in the USA and almost all other industrialized countries. So in your opinion how are we supposed to compete on the world stage with living costs so much higher, without the government borrowing Billions every year to subsidise the property market ie housing benefit.

[taffee] 11/5/2015 16:33

Housing benefit is £21 billion tax credits £30 billion....if they kept social housing then it would be controlled and an awful lot less.They want to cut welfare
By £12 billion but seem to target disabled and people with excess rooms...nothing
Tories have done since 2010 makes any sense..spent more each year..debt up to £1.5
Trillion...deficit still £90 billion...kicking the can down the road

[rwlly] 11/5/2015 11:24

Well put Taffee, If property prices had been allowed to correct as they were doing before government interference, the young people that are now locked out of the market would have been able to have an affordable mortgage instead of an extortionate rent. And we all know how a large proportion of rents are being paid for? Yes housing benefit, which is being paid for on the never never.And yes you have guest it the generation that have been forste into buying overpriced property will also have to try and pay back the borrowings that housing benefit has created .

[1gw] 11/5/2015 09:39

Deutsche Bank still at BUY and 5.56 target. One of those needs to change now...

[redartbmud] 11/5/2015 08:43

Plans for the next phase of a major housing development on Wolverhampton’s former Goodyear site have been submitted.

The development will see an extra 124 homes being built.

The site, off the Stafford Road in Oxley, has been transformed as part of a regeneration scheme, with Barratt Homes now set to build the next set of houses under plans submitted to Wolverhampton City Council.

In 2008, the land, which had been the home of 7,000 workers at the historic Goodyear site, was reduced to rubble.

Complete

The first phase of work, which has seen 353 homes built by Persimmon Homes, is nearly complete, with Barratt now looking to put the 124 new homes on Mercury Drive.

Express & Star

[taffee] 11/5/2015 08:42

Astonishing to think hmg are actually deliberately creating the same circumstances
Which caused the financial crisis I.e Freddie mac and fannie Mae guaranteeing
Mortgages on teaser rates on overpriced property

Our banks are lending into this..yet in reality things are really bad and hmg are
About to make huge cuts to spending...barratt mkt cap is also 25% higher than last
Peak?????when all this does pop its gonna be huge

[cockneyrebel] 11/5/2015 08:32

Breaking out to new highs

CR

[redartbmud] 11/5/2015 08:23

Plans for the next phase of a major housing development on Wolverhampton’s former Goodyear site have been submitted.

The development will see an extra 124 homes being built.

The site, off the Stafford Road in Oxley, has been transformed as part of a regeneration scheme, with Barratt Homes now set to build the next set of houses under plans submitted to Wolverhampton City Council.

In 2008, the land, which had been the home of 7,000 workers at the historic Goodyear site, was reduced to rubble.

Complete

The first phase of work, which has seen 353 homes built by Persimmon Homes, is nearly complete, with Barratt now looking to put the 124 new homes on Mercury Drive.

Express & Star

[rwlly] 11/5/2015 07:57

I Would not get too carried away with property prices,they have to correct at some stage All that the so called help to buy has done is sucked another generation of buyers into unaffordable mortgages if and when interest rates rise

[cockneyrebel] 10/5/2015 20:31

Prime central London property starting to outperform other areas of the city