By Guy Montague-Jones and Emanuela Barbiroglio2018-04-12T13:25:00
Brexit and interest rate fears send shares tumbling further than the FTSE 100.
The combined value of the sector fell 11% over the first three months of the year to £38.1bn, while the wider FTSE 100 fell 8%, according to data from consultancy Building Value.
The sector’s performance is in sharp contrast to the first quarter of 2017, when housebuilder shares soared 16%. During 2017 as a whole, the sector was also a top performer, its shares ending the year 43% up, well above the FTSE 100’s 8% rise.
You must be logged in to continue
Try Property Week For Free to finish this article.
Sign up now for the following benefits:
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
Site powered by Webvision Cloud