Boost to housebuilding shares

November 26, 2015

The stock market (FTSE 100) rose yesterday with housebuilding stocks leading the way after Chancellor George Osborne announced measures to support the sector in his joint Autumn Statement and Spending Review, by the end of the session the housebuilding stocks had come off their earlier highs but remained the top risers including Taylor Wimpey, Persimmon and Barratt Developments.

The boost to housebuilding shares was probably due to the housing market measures mentioned in the Autumn Statement which included the doubling of the Housing Budget, a £2.3bn funding pledge and reform of the planning laws towards delivering 400,000 affordable housing starts by 2020-21.

In contrast to the rise in housebuilding shares, Estate Agents finished flat on the day, that included, Foxtons, Savills and Countrywide, possibly the announcement that higher stamp duty for those buying and selling second homes and buy-to-let properties was the reason for that.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News

Inheritance Tax Receipts raise £0.8 billion in one month

Inheritance tax receipts hit £0.8 billion in April 2025 according to data released by HM Revenue and Customs (HMRC) this morning. This is £97 million higher than in April of the previous tax year, and continues an upward trend over the last two decades. With such a strong start to the new tax year, predictions that Inheritance tax…
Read More →
Breaking News

Zoopla research reveals homeownership outranks marriage as top priority for UK adults

A new survey from Zoopla reveals that 48 per cent of UK renters in a relationship are prioritising saving for a home over a wedding, with this figure rising to 59 per cent amongst Gen Z The financial pressures of saving for a home have resulted in a fifth considering postponing marriage in favour of…
Read More →
Breaking News

London rental market rebalances amid rising supply

Foxtons data shows There was a 5% increase in market supply in April, and a 9%, increase in market supply of new instructions year to date The average rent in April 2025 increased by 3% to stand at £589 per week April saw a 3% month-on-month reduction in applicant registrations, which goes against the trend…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove’s Weekly Mortgage Tracker

Average rates for 2-year and 5-year fixed-rate mortgages   Term Average rate Weekly change Yearly change 2-year fixed 4.60% -0.02% -0.84% 5-year fixed 4.58% -0.02% -0.48% Lowest rates for 2-year and 5-year fixed-rate mortgages   Term Lowest rate Weekly change Yearly change 2-year fixed 3.72% +0.00% -1.03% 5-year fixed 3.78% +0.00% -0.56% Average fixed-term mortgage…
Read More →
Estate Agent Talk

Streamlining Property Documentation for Fast Transactions

Property transactions often stall due to paperwork bottlenecks. Missing documents, hard-to-read files, and format incompatibilities can turn straightforward sales into lengthy ordeals. For estate agents, property managers, and solicitors, these delays mean unhappy clients and lost revenue. Efficient document management sits at the centre of smooth property transactions. Converting files between formats quickly ensures that…
Read More →
Breaking News

Breaking Property News 21/05/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Welcome to the first instalment of a 52-week exploration into the intersection of data and digital infrastructures, tenant experience, and operational performance in commercial real estate. Andrew Stanton CEO Proptech-PR & Editor of Proptech-X  – ‘Over the past nine years I have worked 1:1…
Read More →