‘We’re in the eye of a political storm,’ says head of housebuilder Bellway
Housebuilders are “in the eye of a political storm,” according to the head of one of the UK’s top developers, who warned that property sales were slowing as a result of economic turmoil and rising borrowing costs.
“Last year was a very strong year for us . . . Financial year 2023 feels very different,” said Jason Honeyman, chief executive of Bellway.
“Private sales have reduced by a third since the start of our new financial year. That’s a concern for us. We feel like we’re in the eye of a political storm.”
This story originally appeared on: Financial Times - Author:George Hammond
