Listed housebuilders suffered share price slides of between four and seven per cent yesterday

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Housebuilders have seen their share prices slide following George Osborne’s summer budget.

A sample of seven housebuilders saw share price decreases of between four and seven per cent yesterday, as investors reacted to the news that tax relief on mortgage payments is to be restricted to the basic rate of tax for those buying to let.

Housebuilders back in May saw their share prices jump following the UK General election that saw the Conservatives form a majority government.

Listed housebuilder share price movements yesterday

Taylor Wimpey
185.7 > 176.20 (-5.17%)
2395.00 > 2,233.00(-6.96)
456. 30 >433.20 (-5.08%)
Bovis Homes Group
1125.00 > 1,080.00 (-3.91%)
Barratt Developments Plc
631.00 > 617.45 (-5.78%)
1965.28 > 1869.39 (-4.75%)
Berkeley Group Holdings
3330.00 > 3185.74 (-7.33%)