Barratt Developments Share Discussion Threads

[porsche1945] 01/9/2020 11:07

2johnny.

Neither. The U.K. heading for a recession of massive proportions, high unemployment. covid a fiasco and still the total self harming brexit nightmare to come. Stick to investing in the S & P, U.K. for shorting and trading purposes only. The worst performing major index in the world. Also, help to buy coming to an end, this stupid idea has caused a market distortion and now a “ cliff edge “ with what will happen,Tory imbeciles need to stop tinkering with market, always ends in tears, if they want to do something meaningful, cut stamp duty across the board and leave it cut.

[mach100] 31/8/2020 16:36

And location Sikh. Before London and the SE underpinned your landbank. Now it will be leafy suburbs and good locations in commuter belts who no longer need to commute.

[sikhthetech] 31/8/2020 12:54

rwlly,

I too think HB are in for a tricky time and nothing to do with recent spike in selling.


The temporary relaxation of Stamp Duty has helped the recent demand in housing, whether New Build or not. As always happens with temp govn support, people naturally rush out to take advantage of it before it ends. What will happen when that temp Stamp Duty relaxation comes to an end?

More importantly HB have been underpinned by Help to Buy loans. These are changing in 6 months, so only first time buyers are eligible for them. Currently anyone can use them.

Regarding individual HBs, I think it's worth looking at how many they sold with H2B, which will show how H2B changes will affect them. Also worth looking at how much they have been affected by the Leasehold scandal.

[johnny1982] 31/8/2020 01:43

Thinking of buying in. These or Taylor? Views?

[parry1988] 26/8/2020 09:51

Different story here in South Wales

[rwlly] 25/8/2020 17:30

I personally think builders are in for a tricky time, lots of unsold new builds in my part of cheshire.

[netcurtains] 25/8/2020 11:58

Potentially bounce back to 530? Not sure but looks possible

[netcurtains] 21/8/2020 08:11

i think this looks like a LONG.
What are peoples views?

[rwlly] 24/7/2020 12:23

Not long to wait.

[sux_2bu] 23/7/2020 14:51

Aiming to buy around 490p

[thebull8] 06/7/2020 17:14

No stamp duty below £300,000 on new builds anyway

[ddubzy] 06/7/2020 11:28

Stamp duty holiday:https://apple.news/A7Lf7Rv5sTm2ruftBAfKlNg

[sikhthetech] 06/7/2020 10:16

They state completions are significantly down for this year.
Next year, they seem to be relying on Help to Buy to be extended - it ends in March 2021.
There's still a lot of uncertainty over the next few months.



"The unprecedented impact of COVID-19 has significantly reduced our completion volumes this year "


"Key to the health of the new homes market is mortgage availability. Whilst there is a reduced level of availability of higher loan to value mortgages, demand from first time buyers looking to use Help to Buy has been significant since the market reopened."

"To help ensure the UK's housing recovery is sustained, capacity in the industry is maintained and to ensure that customers who planned to use the current Help to Buy scheme still can, given the unprecedented backdrop, we believe it would be sensible for Government to extend the existing scheme beyond March 2021."

[rafieh] 06/7/2020 08:15

Will recover with the wider market.

[redartbmud] 06/7/2020 07:34

No dividend in 2020 will hit income funds.

[amt] 06/7/2020 07:26

Not too bad all things considered. The reduction in cash not surprising given lockdown. Difficult times ahead I imagine.

[rwlly] 30/6/2020 17:17

The only inflation we are going to get from now on is manufactured inflation, through as you say money printing. A lot of the high inflation of the 70s and 80s was caused by a spike in energy prices, which once the genie was let out of the bottle took years to tame. You cannot expect savers to keep paying for the mismanagement of the economy indefinatly, otherwise in the end you will have no savers

[fieldhouse] 30/6/2020 14:13

We were on the gold standard for hundreds of years. There was no inflation .Global population near static. Nixon broke free to pay for Vietnam.
Money printing started and inflation .Inflation is the grease that makes modern economies work. Deflation as happened in the depression is the reverse

[sikhthetech] 30/6/2020 10:26

thebull,

"at any point in human history, when house prices have consistently gone down."


Early 70's, late 80s/90s...

Sound familiar??



"The secondary banks, like the larger institutions, had been lending heavily based on the previously rising housing prices of the late 1960s and early 1970s, borrowing excessively in relation to the collateral assets. A sudden downturn in house prices and increases in interest rates well before the November 1973 oil crisis left the smaller institutions holding many loans secured by property with lower value than the loans."


"The downturn was exacerbated by the global 1973–74 stock market crash, which hit the UK while it was already in the midst of the housing price crash."

[inaminute] 30/6/2020 08:09

The end of mortgage tax relief facilitated that one + the fact it was announced months in advance, so a buying frenzy pushing prices artificially high.