Davy Research

Construction and Housebuilding

An increase in land supply is the most likely effect of Budget measures
Construction and Housebuilding
Abbey | Cairn Homes

DAVY VIEW

We think that the stamp duty changes announced yesterday will have a limited effect on active builders who should be able to commence on purchased sites within 30 months. Measures like the vacant site levy and capital gains tax (CGT) exemptions are likely to drive land supply in the short term, which is positive for the sector more generally.

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  • RATINGS AND PRICE CORRECT AT TIME OF ISSUE


  • Abbey

    Closing Price: 1495c

  • RATING 30/06/09

  • PREVIOUS RATING N/A

  • Cairn Homes

    Closing Price: 174c

  • RATING 26/08/15

  • PREVIOUS RATING N/A

Analyst(S)

Construction and Housebuilding

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