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Foxtons Pain, Bovis Gain Shows U.K.'s Two-Tier House Market

Housing Construction Work At Persimmon Plc Residential Site

Photographer: Simon Dawson/Bloomberg

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U.K. home builders’ results this week underscored the nation’s increasingly divided housing market, with resilience outside the capital contrasting with London’s sluggishness.

Bovis Homes Group Plc reported record profits Thursday, following upbeat announcements from Persimmon Plc and Taylor Wimpey Plc. All of these companies operate nationwide. London-focused Telford Homes Plc and broker Foxtons Group Plc by contrast are pinning their hopes on rentals as the capital’s torrid housing market shows little sign of improving.