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Real Estate Briefing - Categorized | Developers, Investment more

UK developers benefit from depressed land values

Posted on 28 September 2012

House prices are falling, mortgage lending is stagnant and the economy is in recession for the second time in three years - yet housebuilders are reporting record increases in profits and their share prices are up 50 per cent in the year to date.
Crest Nicholson, which suffered badly during the global financial crisis, is poised to relist on the stock market; while Redrow, another of the worst hit, could be taken private by its founder Steve Morgan………………………………………..Full Article: Source


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