Does anyone know what Persimmon is doing on prices and tempters...rb

richard bestic, london, uk

The Party is over !

Some of you are missing the point , 3% is the number of lost sales this year , in real terms that could be 20 Million Loss for Bovis , now thats a Big Loss , you can gain from this as they will be desparate for sales leading up to Christmas.

10%+ is the minimum you will want off and your arrangements fees paid for .. Everthing you can think of ...

Bovis will be keen to do deals as long as you can move quickily.

Also Part exchange stock - that must be building up as even that market will slow and builders will want to off load dead stock.

Investment buyers are now off the list so FTB's - Go out there and do the best deal you can - dont take any waffle from them if they say there busy and do not drop !


Remeber End of Year sales are very important to Builders , If August was Bad then they have no completions for December

Deal or No Deal ?! Then No House sold and No money for Share Holders ..... Ahhhhhhhh

charles James , West Country ,

Fabio: A 3% fall is dramatic in business terms.
50%!!!! keep dreaming , you're talking complete nonsense. You say you want to see it but I seriously doubt that you do beause it would mean severe recession for the country, you'd lose your job as a result, and wouldn't be able to buy anyway.

Jackboy, London,

pay attention doom and gloomers. read the article again.

They are saying that sales will be less than prediction as but more than last year

Frank Bullitt, Forfar, UK

Bovis forecast is another nail in the coffin of the housing cheerleaders like estate agents and mortgage lenders. The writing is on the wall and only a fool or a liar will fail to see it writ large: THE PARTY IS OVER.

anthony, london, england

Turnover is vanity, profit is sanity but cash is reality! I am sure Bovis, like many other property companies, has taken houses in part-exchange in order to sell many of their homes. These could be held as assets with a higher than market book value in order to bolster profits. Do not be surprised if Bovis and other companies start announcing a series of so-called 'one-off' charges as they bring their balance sheets into market reality. Then I predict a share price falling in tandem with the property market over the next year - say 40% drop to about £4 per share.

Steve Marchant, Torquay, England

If the fall was of 3% then it wasn't "dramatic". I want to see prices falling about 50%. At least.

Fabio C, London, UK

Perhaps people have wised up to the fact that Bovis, Barratt, Wimpey et al build crap homes. I've just sold my victorian terrace in less than a week for the asking price!

ben, Leicester,

Strange how all those with a vested interest in keeping house prices soaring announce some dire news about house prices falling just before the MPC meets.

Alex Ritchie, Salisbury, UK

This is evidence that the "froth is off" in the resi market. The house builders will be worse hit because they rely on acheiving frothy prices which works in a strong market. There are many more discounts and contributions available from the big house builders than there were 6 months ago. I would you say you could buy a new house 5% cheaper if you know how to negotiate.

gavin, london, UK