A surprise drop in inflation and the Bank of England’s decision not to raise interest rates again have shone a light on the share prices of struggling housebuilders. MJ Gleeson could be the pick of the bunch.
The high costs of living and borrowing have made buying a home unattractive and often unaffordable for many people. Gleeson, like other property stocks, has been punished by the economic environment and lack of mortgage rate stability. However, prudent management and its unique position as a supplier of low-cost homes in northern England and the Midlands means it is suffering slightly less and capable of bouncing back quicker.
Gleeson isn’t like most other housebuilders. It buys cheaper land that nobody else wants in deprived areas in need of
