Have housebuilders had their run?

Housebuilders have been some of the stronger performers on the London market in the past six months. The spring is a highly important season when it comes to selling houses and that will be a major indicator of any improvement in trading.

Interest rates appear to have topped out and there is a chance that they will fall in the near future, even if it is due to competition among mortgage providers and not a base rate cut.

On the negative side, there are continuing delays in gaining planning permissions. Berkeley (LON: BKG) claims that prior to the Covid pandemic it took two years to gain...

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