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UK housebuilders lifted by a rise in profits as market improves

Posted on 12 May 2011

British housebuilders Barratt and Bovis Homes both said they expected to report a rise in profit after a pick-up in sales, although activity will remain limited by tight mortgage availability.
Barratt Developments, Britain’s largest housebuilder by volume, said yesterday sales rates returned to normal levels from 1 January to 8 May, with private selling prices up four per cent, driven by a move to houses from apartments……………………………………….Full Article: Source

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