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News - 24 March 2014

Housbuilder says it will beat 2007 peak by 30%.


The Berkeley Group has credited the government's Help to Buy scheme with boosting the property market and speeding up the number of new homes being built as they have said that they expect to complete 30% more homes this year than during the 2007 market peak.

Tonmoy Kumar, Manager of the Accounts Department of ABDS comments:
“The Chancellor, George Osborne, has announced that an extra £6bn would be put into the English Help to Buy scheme, allowing a further 120,000 new homes to be built, and an extension to the scheme current end date of December 2016. This is great news for the construction industry and the wider economy.”

Berkeley Group said its forward sales of new homes were worth more than £1.9bn by the end of February, up from £1.75bn at the end of October last year.

It said most of the demand was coming from London and the south of England.

If you need any help and advice for your business on the implications of central and local Government Funding initiatives and the construction industry, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar to discuss how ABDS can help

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

Brilliant with numbers   
Great with people  
Clear and precise with advice
Timely and cost effective 
In touch with issues that face our clients
Mindful of our client’s long term strategic goals

 

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