You are here: Home - Saving & Banking - News -

Investors speculating on UK housebuilders

0
Written by:
02/05/2008

TD Waterhouse’s latest customer activity shows that investors are turning towards housebuilders, with Barratt and Taylor Wimpey entering its top 10 buys.

Angus Rigby, chief executive officer of TD Waterhouse, said: “As the credit crunch takes its toll on mortgage lenders and first-time buyers, housebuilders are also feeling the effects following concerns that we could see the worst downturn since the housing slump of the early 1990s.

“Last week, York-based Persimmon, one of the UK’s biggest housebuilders, announced a halt on the building of new sites until conditions improved, while back in February, Barratt Developments was at the centre of speculation that it would have to tap investors for cash to help reduce its £1.73bn of debt.

“Although the rumours were refuted, the share price was negatively affected and rival firm Taylor Wimpey has also suffered in recent weeks. As the country’s largest housebuilder by volume, shares in the company fell by more than 10% last week, driven by the less-than-confident statement about cautious trading in 2008.”

Rigby said the appearance of both stocks in this week’s top 10 buys indicates that TD Waterhouse’s customers are confident that at these reduced prices, housebuilders could still turn the corner and offer some good value over the longer term.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Holidaying Brits stretched to the hilt

Nearly three in five Brits will be forced to cut their holiday spending this year, according to research from pre-paid...

Close