Coronavirus Latest News

Persimmon reports 64% rise in profits fuelled by UK Covid property boom

Housebuilder adds sites to land bank and predicts sales will stay above pre-crisis levels

The housebuilder Persimmon has reported a 64% rise in profits for the first half of the year fuelled by Britain’s unlikely property market boom in the Covid-19 pandemic.

The UK’s biggest housebuilder by market value said on Wednesday it expected its sales to remain above pre-crisis levels, suggesting it would continue to make money for investors even as the government removed subsidies for the housing market.

Continue reading…

Read the original article at The Guardian

Related Articles

Back to top button