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Homebuilders Down 50% This Year as UK Crisis Deepens Under Truss

  • UK sector loses £22 billion in value as mortgage market hit
  • Share prices suggest builders will have to write down land
Some homebuilders are trading at 30% discounts to the amount they originally paid for the land that they own.

Some homebuilders are trading at 30% discounts to the amount they originally paid for the land that they own.

Photographer: Luke MacGregor/Bloomberg
Updated on

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UK homebuilders have lost half their value this year as tax cuts announced by Liz Truss’s government plunged the sector further into crisis.