Shareholders are braced to see accounts for Persimmon, Berkeley and
Interest rates rose to a 15-year high of 5.25 per cent last year and millions of homeowners have been faced with higher mortgage rates as a result.
Housing firm shares were knocked as a consequence, but saw a slight renewal of fortunes over the past six months, buoyed by improved interest rate expectations and
However, investors in the sector have seen the improvement wilt more recently and will therefore be looking out for positive guidance this week.
On Thursday, rival
The Kent-based firm is expected to report revenues of around £4bn for the past year, according to analysts, down from £4.5bn a year earlier.
The week will finish with a trading update from upmarket property firm
Berkeley has also witnessed a slump in sale numbers, with a 14.2 per cent fall in deals over the first half of its financial year. However, revenues were broadly flat as its Londonfocused strategy proved beneficial by increasing its average sale price.
PA
(c) 2024 City A.M., source