Stan
- 02 Aug 2017 13:24
- 311 of 372
under current legislation, any new development has to include a specified proportion of "starter homes" whatever that may mean
It means that "starter homes" usually means ending up nothing like affordable homes in practise.
cynic
- 02 Aug 2017 13:27
- 312 of 372
oh do stop being a bitter and twisted little twerp
skinny
- 02 Aug 2017 13:32
- 313 of 372
skinny
- 02 Aug 2017 13:34
- 314 of 372
Beaufort Securities Buy 191.75 220.00 220.00 Retains
Stan
- 02 Aug 2017 14:55
- 315 of 372
cynic - 02 Aug 2017 13:27 - 312 of 314
oh do stop being a bitter and twisted little twerp
Nothing to do with bitter or twisted.. and if there's a twerp around here it certainly isn't me.
mentor
- 02 Aug 2017 15:36
- 316 of 372
re - bitter and twisted little twerp ... it certainly isn't me.
on whose eyes?
Stan
- 02 Aug 2017 15:51
- 317 of 372
Irrelevant.
mentor
- 04 Aug 2017 09:43
- 318 of 372
Those holding get a surprise, but is not positive, it happens from time to time, but it was expected by some,
but not by the twisted ones.........
Rumoured Help to Buy scheme review triggers sell-off in housebuilding sector
Housebuilding stocks struggled after broker Liberum warned if the Help to Buy scheme was removed after a rumoured
government review, it could impact margins and sales rates across the whole sector.
Barratt Developments (BDEV) led the pack lower with a 5.3% decline to 585p. Peers Taylor Wimpey (TW.) and
Persimmon (PSN) fell 4.8% and 5.5% to 185.5p and £24.21, respectively.
CC
- 04 Aug 2017 09:47
- 319 of 372
Also some mutters that Credit Suisse have "prematurely" downgraded the sector whatever that means
mentor
- 04 Aug 2017 09:48
- 320 of 372
Whoever put that chart at the top could had made a better job and do a smaller size, it will help to see the price
of the time in relation for the last few days
Fred1new
- 04 Aug 2017 10:01
- 321 of 372
Manuel,
Consider policies in home/house ownership as a consolidation of wealth in a smaller and smaller section of the population.
Also, consider the effects of doing so.
Consider the change of expectancies and goals.
skinny
- 04 Aug 2017 10:09
- 322 of 372
Mentor - the chart looks fine on my 23" screen!
cynic
- 04 Aug 2017 10:24
- 323 of 372
fred - why do i need to philosophise? ....... i see you're happy to try to make money from these (and other) shares, and so am i ...... certainly makes you on of the champagne socialists
house ownership, like worthless uni education (attendance!), is deemed a holy grail, but houses will still be needed whether for end-users to own or to rent
mentor
- 04 Aug 2017 10:25
- 324 of 372
skinny
re - chart
consider the size is 1000 and most computers will show as Max 900 MAM allows 920 but the top of MAM from home to help is only 900.
Others can say if they can see it all or have to scroll just a bit more to see the end of the chart
skinny
- 04 Aug 2017 10:26
- 325 of 372
Ok - changed to 900.
mentor
- 04 Aug 2017 10:40
- 326 of 372
DOWNNNNNNN ............. UPPPPPPPPP
UK govt says incorrect to infer "Help to Buy" review means cancellation
Fri, 4th Aug 2017 10:30
LONDON, Aug 4 (Reuters) - The British government said that it was incorrect to infer that its 'Help to Buy' scheme, aimed at boosting home ownership, would be cancelled after a review of the programme.
Shares of UK homebuilders slumped on Friday after trade publication Property Week said the scheme could be wound up early, citing a review into the programme to be conducted by the London School of Economics.
"The department regularly reviews the Help to Buy Equity Loan Scheme, with the last review taking place in 2015," a spokesman from the Department for Communities and Local Government said. "To infer from this that the Help to Buy Equity Loan scheme will be cancelled is simply incorrect."
cynic
- 04 Aug 2017 10:57
- 327 of 372
.
cynic
- 04 Aug 2017 10:57
- 328 of 372
well picked up mentor, though builders' shares have not exactly rebounded sharply
mentor
- 07 Aug 2017 09:17
- 329 of 372
Are house prices due for a correction?
at 7.6 times earnings back at last March, not many can afford those prices
Expensive house builders are the ones will suffer most.....
From the Guardian- March 2017
Median price paid for a home leapt 259% between 1997 and 2016 while earnings rose only 68%, say ONS affordability data
In 1997, house prices were on average about 3.6 times workers’ annual gross full-time earnings.
In 1997, house prices were on average about 3.6 times workers’ annual gross full-time earnings.
Rising house prices now stand at an average 7.6 times the average annual salary, more than double the figure for 20 years ago, according to official figures.
However, the new headline figure disguises dramatic regional variations. In the affluent London borough of Kensington and Chelsea, house prices are typically 38.5 times greater than annual earnings, but, 330 miles to the north-west, prices in Copeland, Cumbria, which includes the port of Whitehaven, are typically 2.8 times the average salary.
The new figures for housing affordability in England and Wales between 1997 and 2016 have been issued by the Office for National Statistics. They said the median price paid for a home leapt by 259% over this period, while median individual annual earnings could only manage a 68% rise.
The ONS said housing affordability “has worsened in all local authority districts”. In 1997, house prices were on average about 3.6 times workers’ annual gross full-time earnings.
In 2016, Kensington and Chelsea was the least affordable area to buy a property in England and Wales. The ratio of house prices to annual income stood at 38.5 times average annual salary – more than three times the figure in 1997, when it was 11.8 times earnings. In January this year a detached house in the borough sold for £24.2m, according to the Land Registry.
Copeland, meanwhile, has been officially named “the most affordable” local authority area in England and Wales. A two-bed terraced property in Whitehaven can be picked up for £45,000 or so, according to the property website Rightmove.
Of the 10 least affordable local authorities, seven were in London. For example, in 1999, an employee in the borough of Camden could expect to pay 7.7 times their annual salary on buying a property, whereas in 2016 this had leapt to an average 19.6 times their annual earnings.
Other areas saw much smaller increases over the same period. In Hyndburn in Lancashire, the equivalent figure has risen from 2.6 times to 4.1 times earnings.
mentor
- 07 Aug 2017 10:23
- 330 of 372
UK house price growth weakest in more than four years -Halifax - Mon, 7th Aug 2017 10:06
LONDON, Aug 7 (Reuters) - British house prices rose at their slowest pace in more than four years in the three months to July as households felt the pinch of inflation which is rising faster than wages, mortgage lender Halifax said on Monday.
Average house prices in the period were 2.1 percent higher than a year earlier, slowing from a 2.6 percent increase in June's figures and down from growth of more than 8 percent in July last year, Halifax said.
Economists in a Reuters poll had expected a 2.0 percent rise.
Russell Galley, managing director of Halifax Community Bank, said the squeeze on spending power, plus the impact of property tax changes in 2016 and affordability concerns, was weighing on demand.
In July alone, house prices rose by 0.4 percent, partially recovering from a monthly fall of 0.9 percent in June and slightly stronger than a median forecast for growth of 0.2 percent in the Reuters poll.
Prices fell by 0.2 percent between May and July compared with the previous three months, the fourth successive quarterly fall and marking the longest such decline since November 2012.
Britain's housing market has slowed sharply since the vote in June 2016 to leave the European Union, when prices were growing by almost 10 percent a year.
The slowdown has contributed to a fall in consumer confidence. Credit card firm Visa said on Monday that British consumer spending fell for the third month in a row in July in its longest losing streak in over four years. The fall in house prices, on an annual basis, measured by Halifax contrasted with a slight pick-up in prices as measured by rival mortgage lender Nationwide and published last week.
Both lenders say the growth in prices is not weaker than it already is due to a lack of homes on the market.
A Reuters poll of economists published in May produced a median forecast for house prices to rise by around 2 percent in 2017, 2018 and 2019, slower than in the previous Reuters poll published in February