Barratt Developments (BDEV)

Sector:

Household Goods

Index:

FTSE 100

475.60p
   
  • Change Today:
      0.20p
  • 52 Week High: 566.40
  • 52 Week Low: 392.30
  • Currency: UK Pounds
  • Shares Issued: 974.59m
  • Volume: 4,806,531
  • Market Cap: £4,635.16m
  • RiskGrade: 174

Housing market slows in wake of mini budget

By Abigail Townsend

Date: Monday 28 Nov 2022

LONDON (ShareCast) - (Sharecast News) - House price inflation slowed last month, an industry survey showed on Monday, as demand slumped following the mini-budget and homeowners cut asking prices to secure sales.
According to property portal Zoopla, annual house price growth slowed to 7.8% in October, the slowest since November 2021, while one in ten homes have had a price reduction of 5% since September 2022.

Buyer demand was also lower, down 44% year-on-year, while sales fell 28%.

Looking ahead to next year, Zoopla forecast mortgage rates - which jumped in response to the disastrous mini-budget on 23 September - were likely to start 2023 at 5%.

It also expects volumes to drop back to 1m over the course of the year, from 1.3m in 2022, and for house prices falls of up to 5% in high-value markets sensitive to higher borrowing costs.

Richard Donnell, executive direct at Zoopla, said: "While the outlook for house prices is weak, we see a shift to more needs-driven motivations to move in 2023 and beyond, which support sales volumes.

"Ongoing pandemic impacts, increased labour market flexibility plus more retirement will continue to encourage moves. Cost of living pressures will compound these trends, encouraging home owners to consider their next move."

A number of housebuilders were in the red on Monday. As at 1000 GMT, Taylor Wimpey was down nearly 2% at 102.4p, Persimmon had lost almost 4% at 1,282p, Barratt Developments was trading 2% lower at 400.6p and Berkeley Group was off 1% at 3,793p.

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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 475.60p
Change Today 0.20p
% Change 0.04 %
52 Week High 566.40
52 Week Low 392.30
Volume 4,806,531
Shares Issued 974.59m
Market Cap £4,635.16m
RiskGrade 174

BDEV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.48% above the market average65.48% above the market average65.48% above the market average65.48% above the market average65.48% 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 Not Available
Income
55.61% above the market average55.61% above the market average55.61% above the market average55.61% above the market average55.61% 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
51.38% below the market average51.38% below the market average51.38% below the market average51.38% below the market average51.38% 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
17:08 1,800 @ 475.60p
16:44 32,307 @ 478.93p
16:42 28,507 @ 475.60p
16:37 129,188 @ 477.00p
16:35 1,344,734 @ 475.60p

BDEV Key Personnel

COO Steven J Boyes
Chair Caroline Silver

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