Watkin Jones plc Progressive publishes new research
January 27 2023 - 5:51AM
RNS Non-Regulatory
TIDMWJG
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'.
Click here for full analysis
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January 27, 2023 05:51 ET (10:51 GMT)
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