Persimmon Share Discussion Threads

[kreature] 22/11/2023 22:51

So no stamp duty holiday. And nothing to help sellers ? Help to sell scheme already ended, defaults up,,,,,ugh, not looking great is it ?

[sikhthetech] 22/11/2023 20:15

Budget - disappointing for homeowners, potential new buyers.
OBR don't expect house prices to return to their peak until 2027!


What Jeremy Hunt’s Autumn Statement means for house prices
Forecasters delivered disappointing news for homeowners as they are set to lose thousands next year

"House prices are set to fall by thousands of pounds next year as interest rates remain high, forecasters have said.

The Office for Budget Responsbility (OBR) said house prices will grow this year by 0.9 per cent, but then plunge by 4.7 per cent in 2024.

“This would be consistent with the price of the average UK home reaching a low of around £266,000 at its trough in the final quarter of 2024,” the OBR said."

"The forecaster said they do expect house prices to recover, but they will not reach their 2022 peak until 2027. "

"There was disappointment in parts of the housing industry that Jeremy Hunt did not announce more support in his autumn statement for first-time buyers, or a stamp duty holiday to stimulate the market.

Richard Davies, COO of agent agent Chestertons, said: “Aspiring homeowners will feel disappointed about the Autumn Statement not including measures to help property buyers. Many would have welcomed cutting Stamp Duty which would have resulted in house hunters, who previously paused their property search, to re-enter the market.

“A Stamp Duty exemption for downsizers would have also been a crucial step to help those wanting to move to a smaller property. Each year, we meet countless homeowners who are planning to downsize but, due to the Stamp Duty which can be as much as 12%, are put off to do so. A tax exemption would have encouraged downsizing which in turn frees up large, under-occupied family homes.”

“We would have also liked to have seen the Chancellor introduce more initiatives to assist young house hunters get on the property ladder. With the cost of living, many are struggling to save up a sufficient deposit or find a property within their budget.”

And Paula Higgins CEO of HomeOwners Alliance, said there was very little to help homeowners and first time buyers.

“First time buyers need more of a hand up.,” she said. “There are more barriers now than ever and yet we’ve heard nothing today to help give young hardworking Brits to achieve the security and safety of their own home."

[tialouise] 22/11/2023 16:59

Not good at this are you. How has the last two months been ....... There's one on every board

[adamb1978] 22/11/2023 15:09

UK 5 yr mortgages at 6.095?

HSBC are sub 5%

hxxps://www.hsbc.co.uk/mortgages/move-your-mortgage/rates/

[ymaheru] 22/11/2023 15:05

US 30 year mortgage is 7.73, up from a low if 2.78%, so almost 5%.

UK low was 1.66% for 5 year, and is now 6.09%, up almost 4.5%.

30 year deals have to be priced slightly higher to protect the institution.

It’s not a leading indicator of what is to come in UK.

Are you forgetting high inflation increases buying power over time?
Even in 2023, wage inflation has supported house prices.

[sikhthetech] 22/11/2023 14:22

Nothing substantial from the budget to help housing market/HBs.

They not going to build more whilst house prices are falling and demand remains subdued due to high interest rates.

[onehanded] 22/11/2023 13:00

Money from government and local councils to build houses. Can see this testing £15 in the coming months. Expect shorts closing banking there profits. Clear buy…. Looks cheap.

[kreature] 21/11/2023 08:18

Any more stimulus available from gov tomorrow to help sellers ?

[kreature] 20/11/2023 08:33

Maybe take a shower. GL with that. ATB

[beckers2008] 20/11/2023 08:23

k,

There is a huge smell of bs coming from your direction, lol, just lol!

[kreature] 19/11/2023 23:04

PSN still trying to sell me same house from last April

Nearly been reduced down to the price I suggested in June

[cupra kid] 19/11/2023 19:47

The BBC mentioned deals for first time buyers and possible stamp duty incentives.

[sikhthetech] 19/11/2023 18:10

Cupra Kid,
Both Tory and Labour will do the same. They always do.

I agree there will be incentives in lots of different industries but I can't see them rolling out a scheme like Help to Buy (which I claim is toxic), which helped HBs and the housing market surge after GFC, the previous housing market crash.

Normally immigration and NHS are at the forefront when it comes to a GE.
They'll probably tinker with the housing market but I can't see a big scheme like Help to Buy being rolled out.

We'll know soon enough.

[cupra kid] 19/11/2023 17:09

The Tories are scouting to try and win an election so I would imagine there may be some incentives in lots of different industries and maximising the amount of people who will be affected.

[sikhthetech] 19/11/2023 16:52

Budget next Wed. There's speculation re tax cuts but haven't seen anything about helping the housing market.


Help to Buy ended a year ago. HBs made hundreds of millions from the H2B scheme (which I claim is toxic). The scheme no longer exists and there doesn't seem to be a replacement.


Great trading opportunities as previous posted.



sikhthetech - 07 Nov 2023 - 16:04:40 - 4870 of 4937 PERSIMMON PLC
Cupra,

Excellent trading opportunities.

I was saying I wouldn't buy any HB a year ago, when these were 2000p-2200p, whilst you have been adding all the way down!!
I then said trade, which has also worked out well.

There's a distinct lack of analysis of the TU. That says a lot.

[beckers2008] 19/11/2023 10:17

k,

Wow! Your response is laboured!
Talking of Labour!

Did you see the shadow chancellor on the LK show this morning, refusing to openly support her weak leader Dire Keir in opposing a cease fire in Gaza!

10 shadow cabinet members have resigned (not sacked). Oh Dear!

Antisemitism is ruling the Labour Party or should I say Liebour Party, lol, just lol!

You can't say I didn't warn you!

[kreature] 19/11/2023 09:35

You are very rude. ATB

[sikhthetech] 17/11/2023 14:35

Budget next Wednesday.

Let's see if there's anything to help HBs.

[kreature] 16/11/2023 16:21

Did the USA sleep in late today?

[beckers2008] 16/11/2023 12:58

As I have consistently told the trolls.

The antisemitism runs to the core of the Labour Party.
Evidently as reported in the mainstream media, Dire Keir has faced a formidable rebellion within his party as antisemetics start to gain a stranglehold.

You can't say I didn't tell you so, lol, just lol!

[kreature] 16/11/2023 11:36

Another down day :( Might improve when America gets out of bed

[beckers2008] 16/11/2023 09:49

k, sT, U, Sikhthetech,et al,

In case you missed it, the normal idiotic posts from mug-punter 'Sikhthetech' lol!

"UK house prices suffer first annual fall since 2012"

The village idiot is going to print, to prove it's self a village idiot, yet again lol!

So not since 2018, lol!
Only 5 plus years wrong, lol, just lol!

BoE Base rate at 6%?
Absolutely no chance.

[beckers2008] 16/11/2023 09:45

k,

Umm, no, lol!

Do you remember when 'Sikhthetech' wrongly called me out for owning PSN shares? I soon ripped it a new one, lol!

He also stated to me "What I post on the PSN BB influences the SP"

You and it are not the same mug-punter?
Your only down over 85% of your only holding TLY, lol, just lol!

[kreature] 16/11/2023 07:22

I see you’ve been buying since 3,100. How’s that going ?