RESI
Redrow - Beginnings
• Redrow formed 1974 By Steve Morgan• FTSE 250 Company MK cap £1.26b• Average Sel l ing Price £300K• Customer led kerb appeal
RESI
Saighton Camp
• Crown Park, based on the edge of Chester for 300 units which had outline planning permission
RESI
The Current Market
• Repaired balance sheets• Low end sales price rises• Stable market maintains long term future• House price inflation reviewed by Bank of England
RESI
House Building and the Government
• Housebuilding used to stimulate the economy
• Housebuilding labour intensive• Supply chain uses UK based
manufacturing• Tax; Council, Corporation,
income, Stamp duty, CIL, section 106 planning Gain and NI
• Support; NPPF, Help to buy, Stamp Duty, Interest rates, HtoB ISA
RESI
Land
• 2014 Stats - England• 253,000 homes granted
planning permission• 137,010 homes construction
started.• 118,760 homes completed• Infrastructure intensive sites• Reserved matters application
delays
RESI
Looking to the future – Help to Buy
• 5% customer deposit required.
• Scheme in place until 2020 England
• Wales confirm extension beyond 2016
• Help to buy ISA now available.
Top Related