Housebuilders face prospect of land value writedowns

By Hamish Champ2020-03-20T13:38:00

Listed firms could write off up to 40% of their net asset value

Listed housebuilders could be forced to make write-offs against their land values as the coronavirus epidemic throws the sector into turmoil.

Building Value analyst Tony Williams is warning that the industry could see a repeat of what happened in 2008, as the global financial crisis took hold and share prices plummeted.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community