September 30, 2015

Real estate is cool: BDEV.L

Another real estate stock came into the picture:


Barratt Developments Plc builds, develops and sells houses and apartments. The Company provides homes for all market sectors, as well as homes for rent and shared ownership. It has 33 operating divisions throughout England, Scotland, and Wales.
 The Company's subsidiary, Barratt American, operates in Southern California.
Barratt has also implemented a Home Exchange Service, both buying and selling homes.

Fair value: around £5.70
Actually overprised.
Average yearly return: 33%
Marketperformer              

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