Sales fall at housebuilder Taylor Wimpey however costs ‘stay resilient’
Profits fell by 1 / 4 at one of many UK's main housebuilders, as fewer purchases are going by way of within the present excessive inflation and mortgage charge surroundings. Fewer homes are being purchased, Taylor Wimpey's outcomes present, as pre-tax revenue fell to £237.7m, down from £334.5m throughout the identical interval in 2022.
Sales on the UK's third greatest housebuilder fell together with income within the first six months of 2023.The gross sales charge dropped for personal gross sales and bulk offers, as did the cancellation charge for the primary half of this yr, in contrast with the identical interval in 2022.Reservations too are under the degrees seen lately.
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