Download full report with analyst certification and important disclosures
Sep 28 2026, 07:04 IST/BST
Construction and Housebuilding
New Help to Buy scheme announced: a major positive catalyst for the sector
- Sectors : Construction and Housebuilding
- Companies : Persimmon plc | Barratt Redrow plc | Vistry Group | Bellway plc | Cairn Homes | Berkeley Group | Glenveagh Properties | Taylor Wimpey plc
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| Barratt Redrow plc | OUTPERFORM | 25/06/20 | Neutral | 24/03/14 | 309p |
| Bellway plc | OUTPERFORM | 24/03/14 | Neutral | 10/09/13 | 2068p |
| Glenveagh Properties | OUTPERFORM | 10/11/17 | N/A | N/A | 236c |
| Persimmon plc | OUTPERFORM | 14/09/26 | Neutral | 17/08/20 | 1155p |
| Berkeley Group | UNDERPERFORM | 10/09/13 | Under Review | 21/05/13 | 3370p |
| Vistry Group | NEUTRAL | 24/12/24 | Outperform | 10/09/13 | 259p |
| Cairn Homes | OUTPERFORM | 26/08/15 | N/A | N/A | 267c |
| Taylor Wimpey plc | OUTPERFORM | 10/09/13 | Under Review | 21/05/13 | 80.1p |
DAVY VIEW
The new iteration of Help to Buy announced on Saturday (September 26th) is a significant additional policy support for the sector, one that will benefit each of the volume UK builders by substantially boosting demand. This is a major incremental positive for a sector that has struggled this year, facing high levels of material-led build cost inflation and rising mortgage interest rates. This is conditional on the localised price caps and income cap being reasonable; if these are set too low, the impact will accordingly be muted.
