UK housebuilder reports profits up by a third

 

Housebuilder Countryside Properties brushed off any fears about the health of the UK’s property market by reporting a 34% jump in operating profits to £123m.

Whilst concerns about a slowdown in the country’s housing market have seemingly been increasing, last week Countryside gave a tremendous boost to the market’s confidence. The developer who focuses on housing in the south east, Midlands and north west said “demand for all tenures of housing, particularly in London and the south east, continues to be strong and resilient”. It added that reservations were “robust”.

https://www.buyassociation.co.uk/2016/11/28/invest-britains-hmo-property-sector-three-good-reasons/

Analysts have noticed a fairly big difference between the new-build and second-hand market, which indicates that the country’s housebuilders are still experiencing a robust demand.

“The new-build market is in rude health, but second hand has been slow,” said Gavin Jago, analyst at Peel Hunt. “Housebuilders are willing sellers but the second-hand market is different — if you get a slowdown in activity, it can be a vicious circle.”

Additionally, he explained that the Government’s Help to Buy scheme, supporting people when buying new-build homes of a value of up to £600,000, was helping as well.

Countryside aren’t the only ones to report an increase. Over the last couple of months, UK groups Persimmon and Bellway have shared reports of strong trading with sales rates increased compared to one year prior.

https://www.buyassociation.co.uk/2016/11/17/fund-speed-housebuilding-launched/

Countryside’s chief executive, Ian Sutcliffe, also put the company’s success down to its partnerships. The developer works together with local authorities and housing associations to redevelop public sector land into a mix of privately owned homes, affordable housing and rented properties.

Government sentiment seems to be moving away from ownership and towards broader housing delivery and mixed tenure.”

Whilst all housebuilders have experienced a moment of shock during and straight after the referendum, they’ve also experienced a strong rebound since.

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

Construction building planning

UK housebuilder reports profits up by a third

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.