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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: mungofitch ✹🐝🐝🐝🐝🐝 BRONZE
SHREWD   😊 😞
Number: of 12641 
Subject: Re: Housebuilders
Date: 08/18/2023 6:23 PM
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Before buying UK housebuilders, review what happened to them in 2007-2009 in the crash. They seem rather geared to downturns.

I'm not sure what the future holds in that regard, but the current broad UK house price direction is not chipper, unless you're buying soon.
https://nybreaking.com/house-prices-record-largest...
"House prices record largest annual decline in 14 years...They are down 3.8% year to July"
Core UK inflation in the last year was 6.9%, so that's a real price drop of -10.4%.

In Feb (the last data I have handy) average prices in prime central London were down 15% from their peak in 2015, before inflation adjustment.

Jim
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