Housebuilder, Bovis, has announced that it expects to complete 1,800 homes during 2008, compared with 2,930 last year. The group’s stock of unsold homes stands at over 900, despite price reductions and an incentive scheme aimed at attracting buyers.The slowdown in the private housing market is forcing the builder to focus more on the less [...]

More: Bovis and Redrow epitomise housebuilders? woes

Which is surprising as buyers really do have the upper hand right now!

Yep - if I had the cash, I'd be sorely tempted to do some aggressive buying on some of these estates.

But not the ones on flood plains, which narrows it down considerably.