Berkeley Group Holdings (The) (BKG)

Sector:

Household Goods

Index:

FTSE 100

3,819.00p
   
  • Change Today:
      21.00p
  • 52 Week High: 4,903.00
  • 52 Week Low: 3,165.00
  • Currency: UK Pounds
  • Shares Issued: 108.69m
  • Volume: 52,193
  • Market Cap: £4,150.98m
  • RiskGrade: 234

House prices strengthen despite darkening outlook - RICS

By Abigail Townsend

Date: Thursday 08 Sep 2022

LONDON (ShareCast) - (Sharecast News) - UK house prices continued to rise in August, industry data showed on Thursday, but at a slower pace than analysts had expected.
According to the latest RICS Residential Market Survey, a net balance of 53% of respondents reported an increase in house prices over August, down from 62% in July but well above the long-run average of 13%.

It was, however, well below consensus for 60%, and the lowest balance since the start of 2021.

The increase in house prices was fuelled by a lack of supply, with average stock levels on estate agents' books reaching an all-time low of just 34.4 homes per branch. That compares to 35.6 in July, and the 2010s average of 54.9.

The new sales instruction balance slid to -15% from -6% in July.

New buyer enquiries also fell sharply, with a net balance of -39%, the lowest since April 2020, while sales expectations were the most downbeat since the survey began in 2012, at -45%, down from July's -36%.

Tarrant Parsons, senior economist at the Royal Institution of Chartered Surveyors, said: "Concerns over the economic backdrop and rising interest rates continue to take their toll on market momentum, with strong activity early in year now giving way to a more subdued picture.

"Moreover, given projections for the UK economy point to a potential recession emerging towards the end of 2022, respondents envisage housing sales continuing to slip in the coming months."

Gabriella Dickens, senior UK economist at Pantheon Macroeconomics, said: "August's survey provides further solid evidence that the recent staggering rise in mortgage rates is weighing on housing market activity.

"Looking ahead, the brightening of the near-term outlook for households' real disposable incomes, now that the government is set to limit energy prices for consumers and businesses, is a positive development for the housing market.

"But mortgage rates still have a lot further to rise over the coming months."

Victoria Scholar, head of investment at Interactive Investor, said: "Signs are starting to emerge that the housing market is set to cool, despite the chronic supply shortage in the UK. Fears of an upcoming recession, spiralling inflation, rising interest rates and the cost of living crisis are starting to impact the housing market, with buyers and sellers potentially holding off amid the uncertainty."

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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 3,819.00p
Change Today 21.00p
% Change 0.55 %
52 Week High 4,903.00
52 Week Low 3,165.00
Volume 52,193
Shares Issued 108.69m
Market Cap £4,150.98m
RiskGrade 234

BKG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
27.1% below the market average27.1% below the market average27.1% below the market average27.1% below the market average27.1% below the market average
70.37% below the sector average70.37% below the sector average70.37% below the sector average70.37% below the sector average70.37% below the sector average
Price Trend
23.41% below the market average23.41% below the market average23.41% below the market average23.41% below the market average23.41% below the market average
57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average
Income
40.78% above the market average40.78% above the market average40.78% above the market average40.78% above the market average40.78% above the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average
Growth
71.77% below the market average71.77% below the market average71.77% below the market average71.77% below the market average71.77% below the market average
85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average

What The Brokers Say

Strong Buy 5
Buy 6
Neutral 4
Sell 2
Strong Sell 0
Total 17
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 09-Dec-2022

Time Volume / Share Price
11:38 14 @ 3,819.00p
11:38 34 @ 3,819.00p
11:38 9 @ 3,819.00p
11:38 35 @ 3,819.00p
11:38 43 @ 3,819.00p

BKG Key Personnel

CEO Robert C G Perrins
Finance Director Richard Stearn

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