Grainger, the UK’s largest quoted residential landlord, warned that sales and house price growth had slowed but reassured about the longterm prospects of the residential market. Financial Times, The Times
Grainger, which owns more than 14,000 residential properties in the UK, said in a trading statement that properties were still being sold at levels above previous valuations during the four months to January 31.
The company sold 207 residential properties for £38.8m, representing a 4.5% premium on valuations from September.
But Grainger said the continuing impact of the liquidity crisis had slowed the level of house price growth and sales levels had fallen.