Property giants to reveal if homes market is rebuilding

BRITAIN'S housebuilders are set to shed light on the state of the fragile property market amid a number of key updates this week.

- Geoff Ho

Shareholders are braced to see accounts for Persimmon, Berkeley and Vistry show a fall in sales numbers after high interest rates weighed heavily on activity.

FTSE 100 firm Persimmon will reveal its latest trading figures in a statement tomorrow. It has already told investors sales in 2023 were due to be down around 16%, blaming the jump in interest rates and the end of the Help to Buy scheme.

Completion numbers were also down 33% as it slowed building activity due to softer demand.

But it is hoped profitability will be robust amid cautious investment and easing construction inflation.