![]() ![]() This could affect profits and cash for housebuilders, adding pressure on the Barratt share price.īarratt Developments’ stock is currently trading at its lowest level in around eight years, closing on 7 October at 340p and recording a 52-week low of 317.55p on 29 September. But with mortgage rates now soaring following the mini-Budget, a fall in house prices seems inevitable. While 35% of those asked believed that prices will rise, 31% said they will fall, while 27% were unsure. ![]() The survey reflects a range in opinions on where house prices will be in the next 12 months. Those consumers who think it is not a good time to buy rose from 39% in June to 52% in September. The latest data from the Building Societies Association shows that just 15% of people think now is a good time to buy. ![]() With hundreds of mortgage deals having been pulled since the announcement of the UK’s mini-Budget, investors will be looking for any projections Barratt Developments puts forward when it delivers its trading update this week.Ĭonsumer confidence in the housing market had already been falling prior to the release of the mini-Budget. ![]()
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