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Analysts see this UK housebuilder’s profit rising 20% in 2021

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The latest release from Nationwide recorded a 10.9% increase in property prices in the year to March, the fastest rate in around seven years.

The boom in the UK housing market was helped by tax incentives offered by the UK government, as well as a broad 'race for space' observed in buyers scrambling to upsize to rural properties "with people reassessing their needs in the wake of the pandemic," outlined by Nationwide's chief economist Robert Gardner in the report.

Given the jump in activity, it's likely interest in housebuilding shares increases and analysts have highlighted one UK housebuilder they see profit growing by 20% this year.

This would mean this housebuilder's profitability would be above pre-COVID levels and broker N+1 Singer said they 'believe is the fastest recovery...

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