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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.

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Read the original article at The Guardian

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