Tuesday, 10 December 2019

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.

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