The monopolies watchdog accused eight of the UK’s top housebuilders of “sharing commercially sensitive information with their competitors” today, in a damning report on the country’s residential construction sector.
The Competition and Markets Authority (CMA) said it had seen evidence that eight housebuilders were sharing evidence on sales prices, incentives, and rates of sale. It said sharing this information “potentially could influence” the amount a developer would bid to buy land to build on, or sale prices for homes.
