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PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

BUZZ-UK housebuilders: Jefferies tags as 2016 outperformers

Reuters - UK Focus

** Housebuilders trade up as Jefferies says it expects sector shares to outperform the UK market during 2016 as supply is unlikely to catch up with booming demand

** Berkeley & Barratt Developments up more than 3 pct each after being upgraded to "buy" from "hold" & 2nd and 3rd top FTSE gainers

** Jefferies hikes TP on Berkeley to 4650p (vs analysts' mean of 3713p), Barratt to 807p (vs 660p), citing high visibility of cashflows, strong forward order books & ever-increasing government support amid an acute housing shortage

** Galliford Try (LSE: GFRD.L - news) up 2.4 pct & among top FTSE 250 gainers, with Jefferies bumping it up to "buy", TP hiked to 1950p

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** Redrow (LSE: RDW.L - news) up c.2 pct, Crest Nicholson (Other OTC: CRNHY - news) , Taylor Wimpey (LSE: TW.L - news) , Persimmon (Other OTC: PSMMF - news) , Bellway (LSE: BWY.L - news) and Bovis rise between 1.3 pct-1.7 pct

** The UK housebuilders index massively outperformed the FTSE 100 last year (RM (LSE: RM.L - news) : esha.vaish.thomsonreuters.com@reuters.net)