Market conditions in both the UK and North America during 2009 were better than
those experienced during 2008, although they still remained challenging reports large scale developers, Taylor Wimpey Plc. in their Trading Statement released today.
They report that their UK business has maintained its encouraging performance since their Interim Management Statement in November and that they enter 2010 with a “very strong order book position”.
Taylor Wimpey are active in the land market and approved new land purchase commitments for
3,003 plots at 22 new sites during the second half of 2009.
The numbers of properties being completed and released to the market was down on 2008 but this is unsurprising due to the timelag between the strategic decision making process, and a site being built out or completed following development.
Sale prices of new homes has increased on average from £153,000 to £160,000, the company reports. The overall debt within the group was reduced by greater than 50 % to £750 million in line with expectations to the year end 31st December, 2009.
Taylor Wimpey plc builds homes in the UK, North America, Spain and Gibraltar.
Editor 18th January, 2010