Business as usual for UK housebuilders

[Nicholas Wallwork]

Despite the doom and gloom surrounding some of the media at the moment, it looks as though it is business as usual the UK housebuilding sector. This week we saw Persimmon and MJ Gleeson issue trading statements which will have pleasantly surprised many followers. It looks as though the UK property market is still well-positioned

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[lookinginvest]

It is very interesting to see that housebuilders in the UK have seen little or no change in demand for their properties in spite of the European referendum vote. In some ways it seems that the financial markets don't believe what is happening on the ground and have their own idea of what should be happening? Surely the market should be listening to those who have been there, done it and lived through countless volatile property markets?

 

[nmb]

While Brexit may well be one of the more challenging issues the UK has faced for many years, let us not lose sight of the fundamentals. There has been a shortage of housing in the UK for decades now, the population continues to grow and even downgraded economic forecasts for next year still show greater economic growth than the likes of Germany and France.

 

[Longterminvestor]

At the moment there has been no material change to the U.K.’s relationship with the European Union at least until article 50 is activated. Therefore the challenge in the short term is maintaining positive investor sentiment and trying to ascertain how withdrawal from the European Union will impact the UK property market in the medium to longer term. Let’s not forget, there will always be growing demand for property in the UK due to new build shortages in the past.