Cala Group reports soaring profits.

Cala Group house builders have announced announced a near-doubling of pre-tax profits to a record £50.9million for the year to June 30, the group who target the relatively affluent areas of the UK saw revenue soar by 79% to £511.6million, the company reaped the rewards of the first full year of a new strategy to achieve economies of scale across its eight regional businesses.

Edinburgh based Cala Group reported 993 completions, that is up just over a third from a year ago, the firm sees potential based on current market conditions to build up to 2,500 homes annually and is targeting revenue of £1billion within five years, Cala is still building more new homes in and around Aberdeen despite the oil and gas downturn.

Chief executiveof Cala Group Alan Brown reportedly said “prices in the energy capital of Europe had stabilised over the past year but there was still no sign of a let-up in strong housing demand”.

Cala said a structural demand and supply imbalance in the UK housing market remained acute despite more new homes being built and an increase in the number of planning permissions, they highlighted employment growth, good mortgage access and record low mortgage rates as key factors driving an increase in sales, the company added it had started the new financial year with a solid forward sales position.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Breaking News


Daily bite-sized proptech and property news in partnership with Proptech-X. continues to strengthen its leadership team With my non-journalist hat on, and to ensure complete transparency, I also hold a position as a non-executive director at – AS Following the recent acquisition of BriefYourMarket, proptech supplier, has announced that Damon Bullimore…
Read More
Overseas Property

How to reside in Spain through an investment

Golden Visa residence in Spain is a residence visa for investors. It was created by Law 14/2013 on support for entrepreneurs and their internationalisation, and its purpose is to attract non-EU foreign investors to Spain. This visa offers legal residence in Spain for a period of 6 months to 2 years depending on the type…
Read More
burglar uk
Home and Living

What do Burglars look for in a House?

We are all aware, unfortunately so, that today we need to be very careful on what we leave on show that could tempt a burglar / thief. Home security has certainly improved over the years including methods of combating crime and deterring those tempted to break in and enter. Especially with the invention of the…
Read More
Breaking News


A roundup of the week’s top property and proptech news stories in partnership with Proptech-X   What next for Rightmove as CEO quits? PRESS RELEASE: 5 Million Private Renters Live in Unhealthy Homes Reveals Recent Research by Yuno What does The Queen’s Speech mean for property? What are the real Proptech trends? What next for Rightmove…
Read More
Kerb appeal
Home and Living

Top Tips to increase Kerb Appeal

How many times have you driven past a row of houses and admired an individual property? Something usually catchers your eye be it architecture, colours, plants, flowers, iron work and more. We can all obviously stand out with bright colours and loud design work, though this can be sometimes an eye sore instead and can…
Read More
Estate Agent TalkHome and Living

15 External Factors which can affect your House Value

If we take a look at what lays outside of your property and your boundary to include your kerb appeal, there are many external factors which can either positively or negatively effect the value of your property / the property you are looking to buy / rent. Supply & Demand: If the market is busy…
Read More