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Vistry Group to Post First-Half Loss Amid Heavy House Price Discounts
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Guardian Business1d agoBusinessUnited Kingdom

Vistry Group to Post First-Half Loss Amid Heavy House Price Discounts

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  • Vistry Group, a major UK housebuilder, anticipates a first-half loss of £30m due to significant price cuts on unsold homes.
  • The company has reduced its inventory of private homes from £600m to under £300m, with average discounts rising to 7.1%.

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Vistry Group, a major UK housebuilder, anticipates a first-half loss of £30m due to significant price cuts on unsold homes. The company has reduced its inventory of private homes from £600m to under £300m, with average discounts rising to 7.1%.

Read the full article on Guardian Business

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This article was originally published by Guardian Business.

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