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UK's Persimmon reaffirms strong demand view despite inflation woes

UK's Persimmon reaffirms strong demand view despite inflation woes
UK's Persimmon reaffirms strong demand view despite inflation woes   -   Copyright  Thomson Reuters 2022
By Reuters

– Britain’s second-largest homebuilder Persimmon on Wednesday joined smaller rival Taylor Wimpey in dispelling inflation-led slowdown concerns as demand remained strong in an undersupplied housing market.

Persimmon said its year-to-date forward sales, the agreement between a builder and a buyer with a future purchase date, stood at 2.8 billion pounds ($3.53 billion), compared with 3 billion pounds a year earlier, when the sector was supported by several government measures.

($1 = 0.7943 pounds)