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Evening Standard
Evening Standard
Business
Michael Hunter

Taylor Wimpey warns of further sales fall in 2023 as first-time buyers struggle

Taylor Wimpey is the the developer of Greenwich Millennium Village, where demand has been hit after the end of the Help to Buy scheme

(Picture: Taylor Wimpey)

FTSE 100 developer Taylor Wimpey warned today that sales volumes would fall further  in 2023, with first-time buyers facing “challenges”,  even after house prices probably peaked last year.

Taylor’s chief executive, Jennie Daly, told The Standard that the “subdued” sales rates across the industry reflected “challenges for first-time buyers,” who are “fundamental to a healthy housing market, whether you are selling to them directly or not”.

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