Housebuilder Redrow has revealed that a growing number of self-isolating workers is affecting construction, as it posted higher half-year profits on record revenues.
Housebuilders back calls to keep stamp duty holiday
Leading construction companies including Berkeley Homes hit out at the very bad tax and call for long-term reform The Telegraph campaign to make the Covid-19 stamp duty holiday permanent.
The temporary scrapping of stamp duty on homes worth less than £500,000 in July by Chancellor Rishi Sunak to boost the economy threatens a looming “cliff-edge” when it expires on March 31.
Mr Sunak, who is readying a Budget on March 3, has resisted extending the break, which could save buyers up to £15,000.
Sarwjit Sambhi, chief executive of developer St Modwen, said: “For me it s about the fundamentals, we know that we have a housing shortage. We know that the impediment to customers making a decision, a big factor, is the stamp duty that they have to pay.
Market 2021 | Resi demand to outstrip supply
17 Dec 2020, 12:12Comments (1)
Will residential markets see pent-up demand spring forth in 2021, or will sales be sluggish as Covid-linked job losses and Brexit uncertainty make investors cautious?
Place North West asked industry players how next year will pan out for housing.
City living and build-to-rent
Like offices, city living came under the spotlight in 2020. So how might things look in 2021? Developers including Simon Ismail, managing director of Salboy, which is building homes at Castle Irwell in Salford, and elsewhere, are bullish.
“I can only see all [residential] markets getting better and better as we go through next year,” Ismail told