The UK's Competition and Markets Authority (CMA) has launched an investigation into eight major housebuilders over suspected breaches of competition law. The CMA has gathered evidence suggesting that these firms may have shared commercially sensitive information, potentially influencing the development pace of sites and the pricing of new homes. The investigation aims to determine whether these actions have led to reduced competition and higher prices for consumers. The CMA has not yet disclosed the names of the companies involved but emphasizes that the investigation is ongoing and that no conclusions have been reached regarding any wrongdoing. The housebuilders under scrutiny are cooperating with the CMA's inquiries. This investigation highlights the CMA's commitment to ensuring fair competition in the housing market, which is crucial for maintaining affordability and quality for homebuyers. The outcome of this investigation could have significant implications for the UK's construction industry, potentially leading to increased regulatory scrutiny and changes in business practices to promote fair competition.

Financial Times