Observation20 Apr 2020 10:43
Nige hi,
More bad news for the builders this morning :-(
Housebuilders were in the red after disappointing UK house price data from Rightmove. Industry experts warned the housing market was barely functioning due to lockdown restrictions.
Taylor Wimpey was down 3.1%, Barratt Developments down 2.8%, and Persimmon, down 2.7%.
The latest data from Rightmove showed that the average price of property coming to market in the UK from March 8 to April 11 dipped 0.2% to GBP311,950. In April last year, UK house prices increased 2.1%.
Miles Shipside, Rightmove director and housing market analyst, said: "We think it will take several months or more for the market to find its feet in this new unsteady world."