Housebuilder Vistry Warns of Losses Amid Heavy Discounting on Unsold Homes The UK's housing market is facing a perfect storm, with housebuilder Vistry Group warning of losses due to heavy discounting on unsold homes.
As one of Britain's biggest housebuilders, Vistry has slashed prices by 7. 1% on average more than five times what it offered last year.
Vistry's decision to reduce the value of its unsold private homes from £600m at the start of the year to less than £300m is a stark indication of the industry's struggles.