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U.K. Housebuilders

Laying the Foundations for Investors

Published January 13, 2020


  • We expect house prices across the U.K. will continue to rise but London may lag the national average. 

  • In this report, we dive deeper into the key drivers of the industry, data points investors should monitor and the assumptions in our valuation models.

  • We think BDEV and PSN can outperform peers due to the geographical spread and pricing of their developments. BKG, which is most exposed to London, is likely to experience lower profit margins while TW appears overvalued relative to peers.



Please visit our website for more examples of CFRA's fundamental research.