A summer slowdown in the housing market forced Crest Nicholson to downgrade its profit outlook for the year as buyers are put off by the tough economic climate.
Crest Nicholson has downgraded its profit outlook for the year as buyers are put off by the tough economic climate.
Meanwhile, despite economic problems in the country, few homeowners are being forced to sell because they are in financial distress. “While pricing has remained resilient in a market with limited supply and few distressed sellers, the economic uncertainty is deterring prospective home movers.” “Transaction levels across the industry have therefore weakened further, particularly in recent weeks.
Danmark Seneste Nyt, Danmark Overskrifter
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