Cheap UK shares: how I’d invest in FTSE 100 stocks Barratt Developments, Persimmon and Taylor Wimpey now
A few days ago, the UK government issued an upbeat housing market update. It mentioned a 30% increase in construction output in July. Further, it spoke of a 15.6% increase in housing sales in August following the stamp duty holiday. This policy is estimated to have protected 750,000 jobs according to the release. And with the new jobs support scheme, the economy could be more stable in the near future than it might otherwise have been. This could have an even more positive impact on the housing market. If so, battered FTSE 100 real estate stocks should benefit as a result.
FTSE 100 property biggies under the scanner
However, so far they haven’t. They have actually hit fresh trouble. FTSE 100 housebuilders like Barratt Developments, Persimmon and Taylor Wimpey are under investigation from the Competition and Markets Authority after they reportedly used unfair selling practices. What the investigation finally