UK Watchdog Investigates Major Housebuilders for Anti-Competitive Behavior

The Competition and Markets Authority probes eight firms over concerns of information sharing, under-delivery of homes, and housing quality.

The UK competition watchdog has launched an investigation into eight major housebuilders over concerns of anti-competitive behavior and sharing commercially sensitive information.
The investigation also addresses issues such as the under-delivery of new homes, high and unclear estate management charges, and the quality of new housing.
The Competition and Markets Authority (CMA) has called for a streamlined planning system and increased consumer protections to address these concerns.
Housebuilders involved include Barratt, Bellway, Berkeley, Bloor Homes, Persimmon, Redrow, Taylor Wimpey, and Vistry, with their shares falling in early trading following the announcement.
The CMA's report highlights the need for significant intervention in the housebuilding sector to ensure the delivery of enough good-quality homes in needed areas.