Housebuilder Insolvencies Hit Four-Year High

Brexit uncertainty and a weak market in London and the South-east have conspired to put housebuilder insolvencies at a four-year high, according to data obtained by accountancy firm Price Bailey. It said Insolvency Service figures showed 343 housebuilders went bust in the year to September 2019, up by 26% on the figure last year. The number reflects a difficult market for SME housebuilders unable to benefit from the government’s Help to Buy subsidies and hampered by political and economic uncertainty, and equates to a rise of more than two-thirds on the figure from just four years ago. Read more on the Housing Today website.

https://www.housingtoday.co.uk/news/housebuilder-insolvencies-hit-four-year-high/5103195.article