RCS - Watkin Jones plc - Progressive publishes new research

Watkin JonesAnnouncement

27/01/2023 11:00

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RNS Number : 1225O  Watkin Jones plc  27 January 2023

 Rising rents attract investors back to market

 Residential-for-rent developer and manager Watkin Jones on 25 January
 delivered FY22 results that were broadly in line with our expectations.
 Continuing strong demand for its core rental developments, as highlighted in
 October, was hampered by delays in investment decisions following the
 mini-budget. We believe recovery has begun, albeit on a slightly shallower
 trajectory, and current market conditions may offer the group opportunities.
 Surveys show continuing rental growth, attracting back investors but
 stretching affordability - we see WJG as 'part of the solution'.

 (https://progressive-research.com/research/rising-rents-attract-investors-back-to-market/)

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(https://progressive-research.com/research/rising-rents-attract-investors-back-to-market/)

 

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