Government programmes such as Help to Buy have helped the Surrey-headquartered housebuilder report yet another year of strong house sales.
Housebuilder Crest Nicholson has reported another year of strong growth boosted by rising levels of employment and Government-supported programmes such as Help to Buy.
The group said forward sales, including completions to date, are running 15% higher this year than last at £620m.
Chairman William Rucker said: “The board is pleased to report that the trading environment highlighted at the preliminary results announcement in January continues to be generally robust with good sales growth across our areas of operation.
“Demand for new homes continues to be strong underpinned by high levels of employment and government policies to improve access to housing; levels of sales price inflation have moderated which is also helping to maintain affordability for purchasers.”
He added: “The company’s expansion of the Chiltern and Midlands divisions continues with the current number of sales outlets, at 55, some 12% higher (2017: 49) and further outlet openings planned over the coming months.
“The robust sales outlook, combined with the actions that the business is taking to expand its operational footprint, underpin the board’s confidence that the company will continue to deliver on its stated growth objectives.”
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