【Bloomberg】Falling UK House Prices: Winner and Losers

Persimmon, Britain’s biggest housebuilder by market value, saw its shares drop sharply this morning as it warned that it’s going to “implement a new capital allocation policy” — ie cut the dividend — as costs mount and sales fall. Sales are down from 0.78 a week this time last year, to an average of 0.48 in the last six weeks. Cancellation rates have shot up to 28% in the past six weeks, from 21% in the 12 weeks prior to that. Rivals Barratt and Bellway were also downbeat when they updated last month. 

READ MORE