UK housebuilder Bovis cautious on house prices

British homebuilder Bovis Homes sounded a note of caution on the UK housing market today as it reported a £8.6m (€9.9m) loss in the first half of the year.

The firm said while there had been improvements in the number of mortgage approvals and the rate of house price decline, a lack of loan availability and rising unemployment could continue to constrain prices.