Housebuilder Taylor Wimpey says it has sold its entire stock of homes for 2009 and will raise prices on houses sold next year.
The company's selling price for private homes has risen 9% from the £163,000 achieved in the first half of the year, it says, adding its sales focus will remain on continuing to increase prices through 2010. It says it is selling the equivalent of just over half a home every week on each of its 317 sites. The weekly rate of 0.56 compares favourably with the 0.4 rate it achieved in the second half of last year. Although Taylor Wimpey has not revealed the total number of houses it has sold this year analysts put the figure at 10,500. Despite the positive figures, the company remain...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes