Bellway and Redrow echo housebuilder concerns over demand

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.

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