Jan 14, 2025, 3:08 PM
Jan 14, 2025, 3:08 PM
Persimmon anticipates profits will surge despite market uncertainties
- Persimmon reported a rise in average selling prices and a 7% increase in completed homes.
- The company expects its annual pre-tax profits to be near the upper end of market forecasts.
- Despite recent improvements, concerns remain about future interest rates and their impact on consumer confidence.
In the United Kingdom, the housebuilder Persimmon has announced an optimistic outlook for its annual profits, with forecasts suggesting they will reach the higher end of predictions by analysts. Despite concerns regarding the impact of potential interest rate changes on buyer confidence, the company reported a slight improvement in private market house prices over the past year, with average selling prices climbing to approximately £287,150 from £285,774. Additionally, the total number of completions increased by 7%, totaling 10,664 homes.
Opinions
You've reached the end