Housebuilder Bellway warns mortgage rate hikes dampening housing demand

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FTSE 250 housebuilder Bellway said it faces https://www.cityam.com/wp-content/uploads/2024/06/bellway-1200x800-1.jpeg?w=1107" />

Bellway has said that recent rises to mortgage rates as a result of the Iran war are dampening demand for housing, on top of rising building cost inflation due to the conflict.

The FTSE 250 housebuilder said it has seen a “moderation” in customer demand in April and May, bringing an end to a “positive” https://www.cityam.com/housebuilder-bellway-warns-mortgage-rate-hikes-dampening-housing-demand/">[...]

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