Company warns that next 12 months will be tougher, with economy likely to go into recessionThe UK housebuilder Bellway has said demand for houses has moderated since the summer and it expects the number of sales to be roughly flat over the next year against a backdrop of rising interest rates and a worsening economic backdrop.The company completed a record 11,198 homes in the year to 31 July, up 10.5% on the previous year, as a booming housing market drove £3.5bn of revenues, up 13% and also a record. Continue reading…
Source : theguardian.com
Read more…UK housebuilder Bellway expects sluggish sales as interest rates rise
