Neil Hermon, manager of the Henderson Smaller Companies investment trust, and co-head of UK equities at Henderson Global Investors, highlights three key reasons to be bullish on UK housebuilders.
When the Office for National Statistics surveyed 20- to 34-year-olds in 2013, it highlighted the crisis of a lost generation. Policymakers quickly tried to tackle the issue by introducing the help-to-buy scheme, and the overhauling of planning procedures with the introduction of the National Planning Policy Framework (NPPF) this year. These, combined with ultra-low interest rates, did a lot to help UK housebuilders in 2013, laying the foundations for easy credit and housing demand for years to come. Investors in this area, ourselves included, benefited considerably. This year, howeve...
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