Property News · August 9, 2023

Bellway cuts jobs in anticipation of UK property market slowdown


Prospect of higher mortgage rates and end of help-to-buy scheme leads housebuilder to shut down two divisionsBusiness live – latest updatesBellway, one of Britain’s biggest housebuilders, has said it is cutting jobs as it anticipates a property market slowdown in the coming year because of higher mortgage rates and the end of the help-to-buy programme.The construction company said it would shut two of its divisions and slow activity in a third, as it warned that house completions would “decrease materially” over the next 12 months. Continue reading…

Source : theguardian.com
Read more…Bellway cuts jobs in anticipation of UK property market slowdown