Housebuilder says cancellation rate has risen sharply because of interest rates and economic uncertaintySales and prices of new-build houses have fallen and cancellation rates have risen in recent weeks at Persimmon, in further evidence the property market is entering a downturn.The company, one of Britain’s biggest housebuilders, said demand had waned and uncertainty had risen in the past six weeks, as rising mortgage costs and a looming recession weighed on people’s minds. Continue reading…
Source : theguardian.com
Read more…Persimmon reports sales and price fall as UK property market dips















