By Najat Kantouar

The U.K. antitrust regulator said seven housebuilders, including Persimmon, Berkeley and Taylor Wimpey, agreed to pay 100 million pounds ($135.9 million) to affordable-housing programs following an investigation into anticompetitive practices.

The Competition and Markets Authority launched an investigation last year into whether the housing developers had exchanged details about sales including pricing, property viewings and incentives offered to buyers.

The housebuilders offered a package of commitments to address the CMA's concerns, including the combined 100 million-pound payment toward affordable-housing programs in the U.K., the regulator said Wednesday. It will consult on the commitments until July 24, it said.

Bellway, Persimmon, Barratt Redrow, Vistry and Taylor Wimpey said they welcomed the CMA's decision, and that the voluntary commitments don't constitute an admission of any wrongdoing. Bellway will contribute 13.5 million pounds to a total payment of 100 million to be paid by the seven UK housebuilders.

Meanwhile, Persimmon's contribution represents 15.24 million pounds and Vistry will contribute to 12.8 million pounds. Barratt Redrow and Taylor Wimpey's shares of the payment are expected to be 29 million pounds and 15.84 million pounds, respectively.

The companies also agreed to not share certain types of information with other housebuilders, including the prices houses have been sold for except under limited circumstances, the CMA said.

Any payment will be made within three months once the proposed commitments are accepted by the regulator.

Berkeley Group didn't immediately respond to a request for comment.

Write to Najat Kantouar at najat.kantouar@wsj.com

(END) Dow Jones Newswires

July 09, 2025 03:29 ET (07:29 GMT)

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