Berkeley Group Holdings (The) (BKG)

Sector:

Household Goods

Index:

FTSE 100

4,275.00p
   
  • Change Today:
      9.00p
  • 52 Week High: 4,457.00
  • 52 Week Low: 3,165.00
  • Currency: UK Pounds
  • Shares Issued: 108.44m
  • Volume: 223,276
  • Market Cap: £4,635.61m
  • RiskGrade: 234
  • Beta: 0.04

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.

 

BKG Market Data

Currency UK Pounds
Share Price 4,275.00p
Change Today 9.00p
% Change 0.21 %
52 Week High 4,457.00
52 Week Low 3,165.00
Volume 223,276
Shares Issued 108.44m
Market Cap £4,635.61m
Beta 0.04
RiskGrade 234

BKG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
33.33% below the market average33.33% below the market average33.33% below the market average33.33% below the market average33.33% 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
38.06% above the market average38.06% above the market average38.06% above the market average38.06% above the market average38.06% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Income
35.14% above the market average35.14% above the market average35.14% above the market average35.14% above the market average35.14% above the market average
4.76% above the sector average4.76% above the sector average4.76% above the sector average4.76% above the sector average4.76% above the sector average
Growth
73.69% below the market average73.69% below the market average73.69% below the market average73.69% below the market average73.69% 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 4
Sell 3
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 07-Feb-2023

Time Volume / Share Price
16:45 28 @ 4,262.00p
16:45 28 @ 4,262.00p
16:35 154,493 @ 4,275.00p
16:35 360 @ 4,275.00p
16:35 325 @ 4,275.00p

BKG Key Personnel

CEO Robert C G Perrins
Finance Director Richard Stearn

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