Taylor Wimpey U.K. Home Sales Fell Amid Restricted Lending
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Taylor Wimpey Plc, Britain’s second-largest homebuilder by volume, said first-half home sales in the U.K. fell by 5 percent as banks restricted mortgage lending.
The London-based company said it sold about 4,550 homes in the six months through June 30 compared with 4,804 a year earlier. Average prices rose to about 170,000 pounds ($274,000) from 168,000 pounds. The order book accounts for 79 percent of the company’s annual sales target, Taylor Wimpey said in a statement today.