It's Cheaper to Buy Than to Rent a Home, Says Fairburn
Persimmon CEO Jeff Fairburn says the company saw good levels of interest across the board, while remaining cautious after the U.K. vote to leave the European Union. Fairburn added he saw good underlying demand from first-time buyers and the current market makes it cheaper to buy homes than rent. The company reported it's now fully sold up for current year; has over £700 million of forward sales reserved beyond 2016 and is up 4% on same point last year. Persimmon plc designs, develops, and builds residential housing units. The Company constructs residential homes ranging from studio apartments to executive family homes throughout the United Kingdom. Fairburn discussed with Anna Edwards and Yousef Gamal El-Din on "Bloomberg Daybreak: Europe."