Progressive publishes new research

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'.

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