Crest Nicholson update flags affordability drag on open market sales rate
Crest Nicholson said affordability constraints and competitive pricing are weighing on open market sales. Over the last six weeks, net open market sales rate was 0.35, down from 0.48 in the first half and 0.55 last year.
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07:28:51 AM UTC
SquawkNews
Shares in U.K. home builders fall after Crest Nicholson issues a profit warning on lower sales. The company said market conditions had been more subdued than expected during the summer period, while competitive pricing and affordability constraints continued to weigh on open market sales rates. It…
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