Category: Housebuilders
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Competition watchdog secures £100m from housebuilders following probe
The Competition and Markets Authority (CMA) has accepted binding commitments from seven major UK housebuilders, bringing an end to an investigation into suspected collusion in the housing market. The companies – Barratt Redrow, Bellway, Berkeley, Bloor, Persimmon, Taylor Wimpey and Vistry – have collectively agreed to pay £100m to support affordable housing programmes across the…
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Competition watchdog extends investigation into housebuilders
The Competition and Markets Authority (CMA) is extending its ongoing investigation into suspected breaches of competition law by seven major housebuilders. The CMA launched a probe last February following concerns that the companies may have exchanged competitively sensitive information with other housebuilders, which could be influencing the build-out of sites and the prices of new…