Berkeley Group Holdings (The) (BKG)

Sector:

Household Goods

Index:

FTSE 100

4,075.00p
   
  • Change Today:
    -106.00p
  • 52 Week High: 4,457.00
  • 52 Week Low: 3,165.00
  • Currency: UK Pounds
  • Shares Issued: 108.44m
  • Volume: 110,229
  • Market Cap: £4,418.74m
  • RiskGrade: 234

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 --

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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.

 

BKG Market Data

Currency UK Pounds
Share Price 4,075.00p
Change Today -106.00p
% Change -2.54 %
52 Week High 4,457.00
52 Week Low 3,165.00
Volume 110,229
Shares Issued 108.44m
Market Cap £4,418.74m
RiskGrade 234

BKG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
32.42% below the market average32.42% below the market average32.42% below the market average32.42% below the market average32.42% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Price Trend
14.55% above the market average14.55% above the market average14.55% above the market average14.55% above the market average14.55% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income
34.52% above the market average34.52% above the market average34.52% above the market average34.52% above the market average34.52% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
73.65% below the market average73.65% below the market average73.65% below the market average73.65% below the market average73.65% below the market average
61.54% below the sector average61.54% below the sector average61.54% below the sector average61.54% below the sector average61.54% below the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 5
Sell 2
Strong Sell 0
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BKG Dividends

  Latest Previous
  Interim 2nd Interim
Ex-Div 18-Aug-22 04-Mar-21
Paid 09-Sep-22 19-Mar-21
Amount 21.25p 9.13p

Trades for 31-Jan-2023

Time Volume / Share Price
14:05 16 @ 4,075.00p
14:05 18 @ 4,075.00p
14:04 27 @ 4,076.00p
14:04 11 @ 4,076.00p
14:04 3 @ 4,076.00p

BKG Key Personnel

CEO Robert C G Perrins
Finance Director Richard Stearn

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