Published by Global Banking & Finance Review®
Posted on June 11, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleBritish homebuilder shares surged ahead of a UK budget review, with Vistry leading gains. The finance minister is expected to confirm significant funding for affordable homes.
LONDON (Reuters) -British homebuilder shares rose sharply on Wednesday, ahead a public spending announcement from the UK finance minister that is expected to confirm 39 billion pounds ($52.54 billion) of funding for affordable homes in the next decade.
An index tracking British homebuilder shares was last up 2.36% at its highest since November, building on Tuesday's 5.4% gain.
Vistry shares rose nearly 9%, and topped the broad European STOXX 600 share index. Peers Crest Nicholson and Bellway rose 5.2% and 2.5%.
($1 = 0.7422 pounds)
(Reporting by Alun John; Editing by Amanda Cooper)
British homebuilder shares rose sharply ahead of a public spending announcement from the UK finance minister, which is expected to confirm £39 billion in spending.
The index tracking British homebuilder shares was last up 2.36%, reaching its highest level since November, following a 5.4% gain on Tuesday.
Vistry shares rose nearly 9%, outperforming the broader European STOXX 600 share index.
Crest Nicholson shares rose by 5.2%, while Bellway shares increased by 2.5%.
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