Bellway results out

nollag2006

MrRee wrote: »

The only time House prices were a bargain was Autumn 2009 .... with hindsight I should have bought then - but, didn't!

They will never be as low in price again ..... I do feel for those renting and paying someone elses mortgage for them - especially if they are/were hoping for big falls - the crash is a figment of some imaginations.

I bought a couple of BTLs in May 2009, and another in May of this year.

:beer:

Have seen rental yields of in excess of 7% on the whole portfolio since then, combined with very substantial capital growth.

Winner!

If I’d listened to some of the whiners on here, I’d be just as bad as them: kicking myself for not having spine enough to avail of record low interest rates

Mallotum_X

Really2 wrote: »

It states an increase of 18% in builds in the north at a fairly static price.

So they are selling at a stable price into a declining market - targeted builds - only building on the premium sites - building a higher value mix of property than the market generally?

To my mind general house prices have been falling in the north and static to falling sales.


No one is still giving a reason why the disparity between older houses.

Unless you are suggesting that Bellways sales mix reflects the general sales mix of the rest of the market then you are comparing apples with oranges. Otherwise i would suggest they are not building the same mix or property/same areas as the whole market.

No newbuilds showing falls and sales increasing greatly. Not replicated in the general market.

Newbuilds are generally known to have a slight premium in price. They have come from a low base point and have increased. You need to consider whether Bellway will engage in some sort of management to consider which sites and areas to develop.


I can't think of another reason other than demand there if the credit is there? and no one else has popped up with a reason either?

Maybe Bellway have currently been building homes in slightly more weathly areas, which skews price up compared to the whole of the market. Slightly better areas generally do better in downturns. I would suggest that the management team in an organisation such as Bellway would target which builds to undertake. The recession has been on for a while, so they have had time to adjust which sites to build.

nembot

MrRee wrote: »

The only time House prices were a bargain was Autumn 2009 .... with hindsight I should have bought then - but, didn't!

They will never be as low in price again ..... I do feel for those renting and paying someone elses mortgage for them - especially if they are/were hoping for big falls - the crash is a figment of some imaginations.

To be fair, when I first looked at buying back in the late 80's, heard the same thing from many estate agents - they were wrong as prices dropped upto 30%.

Life experience tends to be a better indicator of what could happen, than an opinion based on recent events i.e. yours...

doire_2

MrRee wrote: »

The only time House prices were a bargain was Autumn 2009 .... with hindsight I should have bought then - but, didn't!

They will never be as low in price again ..... I do feel for those renting and paying someone elses mortgage for them - especially if they are/were hoping for big falls - the crash is a figment of some imaginations.

Shut up Sibley you tool

Jimmy_31

MrRee wrote: »

The only time House prices were a bargain was Autumn 2009 .... with hindsight I should have bought then - but, didn't!

They will never be as low in price again ..... I do feel for those renting and paying someone elses mortgage for them - especially if they are/were hoping for big falls - the crash is a figment of some imaginations.

Funny that because house prices are dropping all the time round here.