27 February 2014

Riding the housing market wave

The UK’s property market is on the up. Riding a wave of low interest rates, high demand and low supply, prices have been soaring in every part of the country, except Northern Ireland, according to Bank of England governor Mark Carney.

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Now builders are taking advantage of buoyant market to deliver on new homes. With support from government schemes like Help to Buy, new housing starts rose 23 per cent last year.

  
A total of 122,590 homes were started in England in 2013, the largest number since 2007, according to the Department for Communities and Local Government.

Completions were down five per cent from 2012, however, suggesting that activity only began to pick up later in 2013 as confidence returned to buyers with the roll-out of phase two of Help to Buy.



And with analysts saying prices are expected to rise by around eight per cent in 2014, it’s looking like it will be a good year for home builders.



A number of UK housing stocks will release financial statements next week. Look for fireworks from:

​Taylor Wimpey PLC​TW/ LN​​2/26/2014
​Travis Perkins PLC​TPK LN​2/26/2014
​Countrywide PLC ​CWD LN​2/27/2014
​Barratt Developments PLC​BDEV LN​2/27/2014
​Rightmove PLC  ​​RMV LN​2/28/2014




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The value of your investments can go down as well as up.
Losses can exceed deposits on margin products. Please ensure you understand the risks.