Taylor Wimpey pointed to signs of improvement in the house market today, as it became the latest major name in the industry to reveal the impact of the 2023 sales slowdown.
The FTSE 100 developer reported a 43% drop in profit for the year of £474 million after revenue fell by over a fifth to £3.5 billion. The declines came as rising interest rates made mortgages less affordable, constricting demand for houses.
