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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…

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