UK homebuilders Persimmon, Berkeley, and Vistry face lower sales due to 2022's 15-year high interest rates.
UK homebuilders Persimmon, Berkeley, and Vistry are expected to reveal lower sales figures due to the impact of higher interest rates in 2022, which reached a 15-year high of 5.25%. Persimmon is predicted to report a 16% sales drop, while Vistry and Berkeley face falling revenues and sales declines. All companies will face scrutiny as investors anticipate diminished sales in the property market.
March 11, 2024
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