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Wednesday, October 17, 2018

Crest Nicholson issues profit warning as house sales in London slow

Uncertainty over Brexit puts off buyers in the capital and south-east during autumn

The housebuilder Crest Nicholson has warned that profits will be lower than expected because of slowing sales in London and the south-east, where Brexit uncertainties are putting off buyers in the traditionally strong autumn selling season.

The company said it had not seen the pick-up in demand usual for early autumn, with prospective buyers unable to afford a home in the most expensive areas and and unwilling to make major spending decisions at a time of heightened political and economic uncertainty.

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from Property | The Guardian https://ift.tt/2pWgtJ1
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