Summary
Britain's housebuilders are turning out fewer homes in the face of tighter mortgage lending and an uncertain price outlook, but slashing volumes and costs may not be enough to lure back investors to the battered sector.
Major builders completed fewer homes last year - about 76,000, down around 10 per cent on 2006 - as higher interest rates and the global credit crunch drove away buyers.See the full content of this document
Extract
Even Fewer New Homes in Prospect This Year ; Housing
Analysts are predicting 10-16 per cent fewer new homes this year, a price fall of around 3-5 per cent and a drop of some 20 per cent in transactions.
Such worries ha...See the full content of this document
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