Barratt Developments correctly shows that prospects for the housing market are not exciting for the rest of the 2020s
By Chris Bailey | Wednesday 6 September 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
If you want to speak to anyone in a pub about the housing market, then there are ten million people better qualified than me in the UK. After all, if I want a Coke Zero it is a lot cheaper to buy at a local supermarket and, with reference to house prices and the like, after we finish the rest of the 2023 price dump I reckon house punters can hope for a 0-2% per annum move over the rest of the decade. The smart thing to do with a house is to focus on owning it to live in. And, whilst some people might get a bit lucky living in one specific location rather than another, honestly you should not be perving over the Rightmove (RMV) website as there are so many better things in life to be doing. And that brings me to today’s full year numbers from Barratt Developments (BDEV).
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