Barratt Developments (BDEV)

Sector:

Household Goods

Index:

FTSE 100

477.30p
   
  • Change Today:
      1.90p
  • 52 Week High: 566.40
  • 52 Week Low: 392.30
  • Currency: UK Pounds
  • Shares Issued: 974.59m
  • Volume: 444,955
  • Market Cap: £4,651.73m
  • RiskGrade: 174

House price growth slows more quickly than expected in April, Nationwide says

By Alexander Bueso

Date: Friday 29 Apr 2022

LONDON (ShareCast) - (Sharecast News) - House price growth in the UK slowed more than expected in April amid the ongoing squeeze on household incomes and rising interest rates, the results of a closely-followed survey revealed.
According to mortgage lender Nationwide, house prices rose at a month-on-month pace of 0.3%, which marked their slowest clip since September.

In turn, that dragged the annual rate of increase down from 14.3% in March to 12.1% (Consensus: 12.6%).

"Nevertheless, it is surprising that conditions have remained so buoyant, given mounting pressure on household budgets which has severely dented consumer confidence," Nationwide chief economist, Robert Gardner, mused out loud.

Gardner attributed that to the strikingly large proportion of Britons, 38%, who were either moving or planning to do so, as per the results of a separate survey conducted by Nationwide.

That offset the impact on housing demand of consumers' confidence in their personal finances running at near its lows from the Great Financial Crisis, he explained.

UK unemployment back at its pre-pandemic lows and the low level of the stock of homes were also supporting prices, alongside mortgage approvals running at pre-Covid levels.

In non-seasonally adjusted terms, the average price of a home rose from £265,312 in March to £267,620.

Commenting on the outlook, Gabriella Dickens, senior UK economist at Pantheon Macroeconomics, said rising two-year fixed rate mortage rates, household real disposable incomes set to fall by 2.5% in 2022 - their steepest pace since 1947 - and extremely weak consumer confidence meant house price growth would likely slow to around 4% by the end of the year.

-- More to follow --

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BDEV Market Data

Currency UK Pounds
Share Price 477.30p
Change Today 1.90p
% Change 0.40 %
52 Week High 566.40
52 Week Low 392.30
Volume 444,955
Shares Issued 974.59m
Market Cap £4,651.73m
RiskGrade 174

BDEV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
66.98% above the market average66.98% above the market average66.98% above the market average66.98% above the market average66.98% above the market average
58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average
Price Trend
29.94% above the market average29.94% above the market average29.94% above the market average29.94% above the market average29.94% above the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average
Income
58.59% above the market average58.59% above the market average58.59% above the market average58.59% above the market average58.59% above the market average
5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average
Growth
51.35% below the market average51.35% below the market average51.35% below the market average51.35% below the market average51.35% below the market average
30.77% below the sector average30.77% below the sector average30.77% below the sector average30.77% below the sector average30.77% below the sector average

What The Brokers Say

Strong Buy 2
Buy 3
Neutral 6
Sell 2
Strong Sell 0
Total 13
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BDEV Dividends

  Latest Previous
  Interim Final
Ex-Div 11-Apr-24 28-Sep-23
Paid 17-May-24 03-Nov-23
Amount 4.40p 23.50p

Trades for 28-Mar-2024

Time Volume / Share Price
09:17 48 @ 477.30p
09:16 539 @ 477.00p
09:16 276 @ 476.90p
09:16 1,814 @ 476.90p
09:16 221 @ 476.90p

BDEV Key Personnel

COO Steven J Boyes
Chair Caroline Silver

Top of Page