Latest Issue

DIY investor: Buy in to bricks

Why are housebuilders seemingly unloved while houses are so richly prized?

By Andy Davis   June 2017

Few facts of investment life are as widely acknowledged as the Brits’ love of property. Our instinctive trust in bricks and mortar as a home for our money stands in striking contrast to our suspicion of stocks and shares, and those who peddle them—even when it comes to shares in housebuilding companies.

This is odd. After all, housebuilders make their money by producing homes that we have an apparently boundless ambition to own. And from an investment perspective these companies have some very attractive characteristics. The UK’s leading housebuilders make returns on…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect