Daily Mail

STOCK WATCH

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MORE signs of a slowdown in the housing market have been visible at Crest Nicholson sites in recent months as high mortgage rates put pressure on new buyers.

Crest said the number of homes it sold at each of its sites fell to 0.6 per week in the year to the end of October from 0.8 the year before.

But since then, things have slowed down even further. In the 11 weeks since the start of November, sales per outlet per week were 0.35. Shares fell 6.4pc, or 17p, to 248.6p.

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