Bellway and Redrow echo housebuilder concerns over demand

By David Parsley2023-02-09T09:27:00

Redrow homes_shutterstock_1955669203_cred Andrew Harker

Another two housebuilding giants reported on the impact of the economic downturn on Thursday, as both Bellway and Redrow on flagged persistent market challenges despite a slight pickup in activity in recent weeks.

Both groups cited the surge in loan costs and broader inflationary pressures as the main cause of buyers being driven away from the market.

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Try Property Week For Free to finish this article.

Unlimited access to Property Week
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue