economy
UK housebuilder profits set to fall 12% as ‘relentless grind’ drags on
Profits forecast to decline this year as developers resort to bulk sales to shift homes in sluggish market
TL;DR
- UK housebuilder profits are forecast to decline by 12% this year.
- A sluggish housing market is the primary reason for the predicted profit drop.
- Developers are resorting to bulk sales to shift homes.
- The market is described as a 'relentless grind'.