In a recent piece, I looked at the potential investment appeal of UK housebuilders. I concluded that they might still offer some value, but are probably not at truly compelling valuations anymore.
In the interests of disclosure, I still hold shares in one well-known UK housebuilder. But I’m a little wary about the political exposure of these businesses. Although the new government clearly wants to encourage more housebuilding, this doesn’t necessarily mean that it will support a return to the supernormal... Читать дальше...