Britain's Housebuilders Face a Billion Dollar Lawsuit Over Price Fixing The UK's seven largest housebuilders are facing a collective lawsuit from approximately 700,000 buyers who claim they were overcharged in new build homes between 2015 and 2024.
The case centers on allegations of price fixing, which could result in a bill for the industry of up to £4. 5 billion.
The CMA's 2024 report highlighted a structural problem: Britain's housing market is dominated by large developers who prioritize profits over production.