Financial Times FT.com

Bovis warns of slumping sales

By Stanley Pignal

Published: May 7 2008 00:00 | Last updated: May 7 2008 00:00

The gloom enveloping housebuilders thickened on Tuesday as Bovis joined the list of developers to warn of slumping sales.

Bovis has sold an average of just two homes a day in the past eight weeks, a period that would normally see peak spring selling. That figure is down 70 per cent on the same period last year, an even sharper fall than rivals have suffered.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this