Trading update from Telford Homes Plc

October 13, 2016

Telford Homes Plc released yesterday their trading update ahead of the interim results for the six months ended 30 September 2016, which will be released on Wednesday, 30 November 2016.

Highlights lead with: Long term imbalance between the supply of homes and the demand for somewhere to live in non-prime areas of London underpins future prospects for Telford homes.  more highlights from the trading update click here

Jon Di-Stefano, Chief Executive of Telford Homes, commented: “We have seen a robust market place in recent weeks, with encouraging sales activity and increasing interest from institutional investors. We are very pleased with the progress of our move into delivering schemes for the ‘build to rent’ sector and I am delighted that we are progressing discussions on a third transaction to add to the sales already achieved to L&Q and M&G Real Estate.”

“The Group has made strong progress in the last six months and remains positive about the long term prospects for the housing market in non-prime areas of London. The imbalance between the supply of homes and the need for somewhere to live is not diminishing and this underpins our plans to continue to grow Telford Homes over the next few years.”

Read the Telford Homes Plc Trading update in full on their website click here

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

LIVING BY THE SEASIDE 2022
Overseas Property

Brits continue to chase Spanish sunshine

The latest data insight from Enness Global has revealed that British interest in buying property in Spain continues to strengthen, despite growing political pressure from the Spanish government to restrict overseas buyers and curb foreign investment in the housing market. Enness Global analysed Google search trend data across the UK, tracking search activity related to…
Read More →
Breaking News

Property finance expert reveals the five renovations that could devalue your home

Expert warns that not all home improvements add value Over-personalisation is one of the biggest risks Renovation mistakes could shave THOUSANDS off final sale price Homeowners can spend tens-of-thousands of pounds on renovating their home, but not always make that back on the sale price. In some cases, renovations can seriously reduce a property’s appeal…
Read More →
Estate Agent Talk

Urban housing mix forces estate agents to work harder

The latest market analysis from eXp UK has revealed that estate agents operating in more urban, built-up markets are often required to work significantly harder to generate comparable earnings, due to the dominance of flats within city housing stock and the far lower commission secured per sale when compared to detached homes. eXp UK analysed…
Read More →
Breaking News

Property compliance experts urge landlords not to ignore major tenancy changes under Renters’ Rights Act

Beresfords property group highlights key actions landlords must take as new tenancy rules, enforcement powers and energy standards approach. UK landlords are being warned not to overlook major changes to tenancy agreements and compliance requirements, as the Government moves closer to implementing the Renters’ Rights Act 2025. Following the publication of draft secondary legislation, the…
Read More →
Breaking News

Nationwide becoming first lender to allow mortgage deeds to be signed digitally

Mary-Lou Press, President of NAEA Propertymark (National Association of Estate Agents), comments: “The conveyancing process remains one of the most common sources of frustration for buyers and sellers, with more than 30 per cent of housing transactions taking over 17 weeks to complete on average. These prolonged timescales only serve to increase pressure and uncertainty…
Read More →
Breaking News

Fruitful year ahead for aspiring first-time buyers

First-time buyers and those with little equity to refinance will find greater mortgage choice. During January, there was an uplift in higher LTV deals, with 90% LTV options at a record-high, plus a boost to 95% LTV deals, which are at their highest count since March 2008. The electronic monitoring of LTV choice at Moneyfacts…
Read More →