Market Update

 

MARKET UPDATE 15/08: Housebuilding Stocks Stumble

The Royal Institution of Chartered Surveyors’ latest survey of the sector pointed to a stalling housing market with London and the South East pulling down overall house price figures.

With investors perturbed by the RICS’ warning that the latest data was just a sign of things to come, Taylor Wimpey lost 5.8p to 189.1p while Barratt Developments and Persimmon shed 17.5p to 589.5p and 74p to £24.62.