Today’s H1 update follows recent commentary from peers in highlighting the impact of market volatility on buyer confidence. Whilst Springfield’s near term sales are protected from the Scottish missive system, private reservation rates have been impacted. Industry wide build cost inflation also continues to be a headwind. With a less optimistic house price outlook, this is becoming increasingly difficult to mitigate. We assume no underlying house price inflation in H2’23, leading to a reduced gro ....
12 Dec 2022
Prudently rebasing forecasts given market challenges
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Prudently rebasing forecasts given market challenges
Springfield Properties PLC (SPR:LON) | 95.0 1 1.1% | Mkt Cap: 112.7m
- Published:
12 Dec 2022 -
Author:
Greg Poulton -
Pages:
3
Today’s H1 update follows recent commentary from peers in highlighting the impact of market volatility on buyer confidence. Whilst Springfield’s near term sales are protected from the Scottish missive system, private reservation rates have been impacted. Industry wide build cost inflation also continues to be a headwind. With a less optimistic house price outlook, this is becoming increasingly difficult to mitigate. We assume no underlying house price inflation in H2’23, leading to a reduced gro ....