Housebuilder raises fears over property market: Crest Nicholson's share price falls nearly 12% as rising build costs hit hard



Crest Nicholson's share price has tumbled by over 12 per cent as property prices stall and rising costs hamper margins.
The Chertsey-based housebuilding group admitted it was finding it 'difficult' to sell its most expensive homes, having already edged out of the inner London market to focus on increasingly popular, and sometimes cheaper, locations on the outskirts.
Building on fears concerning the state of Britain's housing market, Crest Nicholson said that while it saw average selling prices increase by 5 per cent to £439,000 in the last six months, this marked a 'peak level for the... read more

 
16 May 2018 in Business, Views: 43
Source: Daily Mail
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