Property News · November 8, 2022

Persimmon reports sales and price fall as UK property market dips


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