Housebuilders face £4.5bn class action over pricing claims

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Eight major British housebuilders face a £4.5 billion proposed class action by over 700,000 homebuyers claiming they paid inflated prices for new-build properties. The lawsuit follows a Competition and Markets Authority investigation into alleged unlawful information sharing among developers.

Eight of Britain's largest housebuilders are facing a proposed class action worth up to £4.5 billion, with more than 700,000 homebuyers claiming they paid inflated prices for new-build properties. The claim follows a Competition and Markets Authority investigation into alleged information sharing between major developers. The post Housebuilders face £4.5bn class action over pricing claims appeared first on PropertyWire.