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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: SteadyAim   😊 😞
Number: of 12536 
Subject: Re: Housebuilders
Date: 08/19/2023 10:30 AM
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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.

Yes. From what I've seen from a brief look in the last few days, most UK housebuilder and property company share prices are ~50% down from peak. That might not be anywhere near the bottom, but it gives some reassurance. A strong balance sheet gives some more, and when inflation and interest rates fall that should give some more. (For those that are confident rates will fall, of course.)

I'm considering buying an initial slate of 3 or 4 with the option of perhaps doubling the stake at a later date ...

SA
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