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Taylor Wimpey cuts 2025 profit forecast to £420M due to weak demand and high mortgage rates.
UK housebuilder Taylor Wimpey has lowered its 2025 operating profit forecast to £420 million, down from £424 million, citing weaker demand, a shrinking order book, and uncertainty around the recent budget.
Despite completing 11,229 homes in 2025—up from 10,593 in 2024—and rising average selling prices to £374,000, the company expects lower profit margins in 2026 due to high mortgage rates, regulatory hurdles, and subdued buyer activity.
CEO Jennie Daly highlighted ongoing challenges for first-time buyers and cautious market sentiment, though planning reforms have improved permission approvals.
Shares dropped up to 6% on the news.
Taylor Wimpey recorta el pronóstico de ganancias para 2025 a 420 millones de libras debido a la débil demanda y las altas tasas hipotecarias.