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12-09-2008, 11:20 AM
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Bellway warns that discounts could lead to continued margin erosion
Housebuilder Bellway has suggested that other companies have been too eager in their decision to lower house prices and offer discounts, thus forcing down the price of homes unnecessarily. The company has warned that pricing pressures, driven by fellow housebuilders and lenders’ lower valuations, will probably lead to a further review of its land values and [...]
More: Bellway warns that discounts could lead to continued margin erosion 
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