Housebuilder Ups Dividend Despite Brexit Gloom

Property stocks fell more than 20% on the day of the Brexit result. But despite falling house prices, there is dividend income to be had

Karen Kwok 16 August, 2016 | 2:50PM
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UK house prices continued to grow the run-up to the EU referendum, official figures revealed on Tuesday.

UK property prices in the year to June 2016 were 8.7% higher than the same period last year, up from 8.5% the previous month, according to the Office of National Statistics. The June data is the highest house price growth level since October 2014 when prices rose 9.4%. The house price data in June signalled a continuing strong growth since the end of 2013, the report added. This June annual house price percentage takes the average property value in the UK to £213,927.

But more up-to-date data from Rightmove, the property listing website, said on Monday that UK house prices fell by 1.2% in July – and for homeowners in London there was worse news, with recorded falls of 2.6%. It is taking longer to sell your property post-Brexit too, with time taken in london to sell your property increasing by five days, and increases of four days for those selling in the South West.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Barratt Developments PLC666.20 GBX-1.30
Berkeley Group Holdings (The) PLC4,366.00 GBX0.00
Taylor Wimpey PLC155.20 GBX-0.64
Vistry Group PLC1,213.00 GBX-0.53

About Author

Karen Kwok

Karen Kwok  is a Reporter for