Is the homebuilders’ house of cards starting to wobble?

The help-to-buy boom in the property market has done wonders for Persimmon. How much longer can that last?

It’s late August, so things are quiet when it comes to company news. But on Tuesday there are first-half results from housebuilder Persimmon Homes, which is run by the best-paid boss of a public company.

Last week’s report by the High Pay Centre showed Jeff Fairburn was paid £47.1m last year – more than 10 times the £3.9m median figure for a FTSE 100 boss. The average employee at Persimmon would have to work 1,130 years to earn Fairburn’s annual pay.

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from Property | The Guardian https://ift.tt/2OO15J4
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