Economic EnvironmentWhile demand has started well, the potential impact of mortgage rates on buyer affordability remains a concern.
Market CompetitionDespite being well-placed, Gleeson Homes operates in areas where competition is most limited, which may impact growth opportunities.
Profitability ChallengesH1 results were as expected with adjusted PBT down 50% due to timing of land sales and a little more margin pressure in Homes.