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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

UK house price boom brings Persimmon windfall of nearly £1bn

A Persimmon development in Wiltshire with Persimmon flags and new homes
A Persimmon development in Wiltshire. A shortage of homes and the temporary cut in stamp duty in 2021 have helped the company increase profits by almost a quarter. Photograph: Sam Frost/The Guardian

Britain’s biggest housebuilder, Persimmon, has announced profits of nearly £1bn in 2021, but cautioned that the Ukraine invasion could disrupt the the UK economy in the year ahead.

Persimmon’s profits jumped by nearly a quarter to £970m thanks to “positive pricing conditions” in every British region in which it operated, as the house price boom defied the coronavirus pandemic, it said on Wednesday.

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