Countryside “well positioned” for growth

Countryside has seen its mixed-tenure housing model prove resilient this year in the face of the Covid-19 pandemic and the firm has continued to see strong demand for all tenures of housing. In a trading statement covering the year ending September 30, Countryside said it completed 4,053 homes (2019: 5,733 homes) of which 1,454 were

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Resilient trading for Berkeley

Berkeley’s trading has been “resilient” since the start of its financial year, with the business expecting a more even profit split between the first and second halves of the year, it reported this month. Reporting on the period from May 1 to August 31 2020, the housebuilder said that its production levels had been “better

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Sales confidence for Redrow

Speaking about Redrow’s full year results, released on September, John Tutte executive chairman said that following a surge in demand post-lockdown, future sales performance depended on “where the economy is going and what happens with stamp duty when there are not enough high loan-to-value mortgages available.” Tutte commented he was “quite surprised” by the market’s bounceback, “but

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Rightmove report sales at ten-year high

Rightmove has seen the highest number of sales agreed in a month since it began tracking this data more than a decade ago, with the latest weekly sales figure up 60% against the same week in August 2019. The property listing website’s house price index for August reflects the market’s current bounceback, with the highest

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Strongest sales to date for London Square

London Square has reported its best sales results to date as it marks its tenth anniversary.  The developer’s annual results report completion on 559 homes, up from 253 in 2019, revenue increase to £272.4 million from last year’s £168.3 million, with operating profit also rising to £10.8 million (2019: £6.5 million). Forward sales improved from 2019’s

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Tony Pidgley – founder of Berkeley passes away

Tony Pidgley CBE, Berkeley Group’s founder and chairman, has died suddenly, the housebuilder has announced. In a note to colleagues on 26th June, Berkeley’s chief executive Rob Perrins said: “It is with the greatest sadness that I have to inform you of the sudden death of Tony Pidgley. “Tony suffered a catastrophic brain haemorrhage yesterday

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Bellway sales remain “severely constrained”

Bellway expects year-on-year sales to be “severely constrained” until UK lockdown measures are lifted further, it said this month, with its net reservation rate dropping almost 70% during the lockdown period compared to last year. In the ten weeks from March 23 to May 31, the housebuilder saw its net reservation rate “rapidly” decline to

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Profit and revenue fall for Berkeley

Berkeley’s pre-tax profit for its full year fell 35% against 2019, it reported on 17th June. The housebuilder commented that the profit drop to £503.7 million during its financial year ending April 30 2020 was “anticipated” with the completion of various central London schemes acquired from 2009 to 2013. But, with the effects of the

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£51.2 million loss suffered by Crest

Crest Nicholson has reported a pre-tax loss of £51.2 million and plans to cut around 130 jobs as it battles the effects of the coronavirus pandemic. Announcing its results for the half year ending April 30 2020, the housebuilder said that it would also delay the opening of a new division. The proposed redundancies will

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Persimmon to restart sites

Persimmon reported at the end of April, that since the closure of its sites and sales offices in late March, it had devised and tested “a range” of new site protocols to allow for a return, “while ensuring the necessary social distancing restrictions are strictly enforced”. The move was welcomed by housing secretary Robert Jenrick

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