Crest Nicholson sees dip in first half profits

By Hamish Champ2018-06-12T06:45:00

Rising costs and ‘generally flat pricing’ hit housebuilder

Stagnant house prices and rising costs dented Crest Nicholson’s first half margins, the group revealed today.

Announcing its results for the six months to the end of April 2018 the Chertsey-based housebuilder said most of its sales outlets had performed well, but higher-priced houses had proved more difficult to sell.

A slow second-hand market for top-end homes was also impacting sales, it added.

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