UK housing market has remained positive through the second half of 2017 says Taylor Wimpey in their trading statement

In their trading statement announcement released today, Taylor Wimpey Plc mentions:  The UK housing market has remained positive through the second half of 2017. Customer demand continued to be robust supported by healthy employment trends, a competitive mortgage market and the Government’s Help to Buy scheme.  We have experienced favorable trading patterns across our businesses, while in Central London market conditions remain stable.

Pete Redfern, Chief Executive, commented:

 “Taylor Wimpey has performed strongly during the second half of 2017, delivering excellent sales rates and making further good progress against our operational targets. While we are alert to potential political and economic risks, demand for new housing remains high across the UK and market conditions are favourable. Notwithstanding the recent small increase in the base rate, we have continued to see stability in trading patterns.  

“Looking ahead, we are on track to meet our full year expectations and deliver further growth and performance improvement in 2018. With a strong balance sheet in place and a high-quality landbank, our business is very well positioned to deliver sustainable growth”.

Read the Taylor Wimpey Plc trading statement announcement published 13th November 2017 in full 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.

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