{"id":1837,"date":"2016-12-01T07:00:50","date_gmt":"2016-12-01T07:00:50","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=1837"},"modified":"2023-09-27T10:56:33","modified_gmt":"2023-09-27T09:56:33","slug":"uk-housebuilder-reports-profits-third","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/12\/01\/uk-housebuilder-reports-profits-third\/","title":{"rendered":"UK housebuilder reports profits up by a third"},"content":{"rendered":"<p><strong>Housebuilder Countryside Properties brushed off any fears about the health of <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/08\/12\/strong-property-market-top-3-indicators\/\" target=\"\" rel=\"noopener\">the UK\u2019s property market<\/a> by reporting a 34% jump in operating profits to \u00a3123m.<\/strong><\/p>\n<p>Whilst concerns about a slowdown in the country\u2019s housing market have seemingly been increasing, last week Countryside gave a tremendous boost to the market\u2019s confidence. The developer who focuses on housing in the south east, Midlands and <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/08\/31\/north-west-home-entrepreneurs-small-businesses\/\" target=\"\" rel=\"noopener\">north west<\/a> said \u201cdemand for all tenures of housing, particularly in London and the south east, continues to be strong and resilient\u201d. It added that reservations were \u201crobust\u201d.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"VtBT9wgSBp\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/11\/28\/invest-britains-hmo-property-sector-three-good-reasons\/\">Why invest in Britain\u2019s HMO property sector? Three good reasons.<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Why invest in Britain\u2019s HMO property sector? Three good reasons.&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/11\/28\/invest-britains-hmo-property-sector-three-good-reasons\/embed\/#?secret=8cemcKXi7M#?secret=VtBT9wgSBp\" data-secret=\"VtBT9wgSBp\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p><strong>Analysts have noticed a fairly big difference between <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/11\/29\/britains-build-rent-explosion\/\" target=\"\" rel=\"noopener\">the new-build<\/a> and second-hand market, which indicates that the country\u2019s housebuilders are still experiencing a robust demand.<\/strong><\/p>\n<p>\u201cThe new-build market is in rude health, but second hand has been slow,\u201d said Gavin Jago, analyst at Peel Hunt. \u201cHousebuilders are willing sellers but the second-hand market is different \u2014 if you get a slowdown in activity, it can be a vicious circle.\u201d<\/p>\n<p>Additionally, he explained that the Government\u2019s Help to Buy scheme, supporting people when buying new-build homes of a value of up to \u00a3600,000, was helping as well.<\/p>\n<p>Countryside aren\u2019t the only ones to report an increase. Over the last couple of months, UK groups Persimmon and <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2018\/03\/22\/this-uk-housebuilder-deliver-10000-homes-2018-whats-secret\/\">Bellway<\/a> have shared reports of strong trading with <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/11\/02\/one-four-property-sales-uk-buy-let-second-home\/\" target=\"\" rel=\"noopener\">sales rates increased<\/a> compared to one year prior.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"OCkvFwEHXh\"><p><a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/11\/17\/fund-speed-housebuilding-launched\/\">Fund to speed up housebuilding launched<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Fund to speed up housebuilding launched&#8221; &#8212; BuyAssociation Group\" src=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/11\/17\/fund-speed-housebuilding-launched\/embed\/#?secret=V8r3cEWSRm#?secret=OCkvFwEHXh\" data-secret=\"OCkvFwEHXh\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Countryside\u2019s chief executive, Ian Sutcliffe, also put the company\u2019s success down to its partnerships. The developer works together with local authorities and housing associations to redevelop public sector land into a mix of privately owned homes, <a href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/11\/21\/number-affordable-homes-uk-continues-majestic-fall\/\" target=\"\" rel=\"noopener\">affordable housing<\/a> and rented properties.<\/p>\n<blockquote><p>Government sentiment seems to be moving away from ownership and towards broader housing delivery and mixed tenure.\u201d<\/p><\/blockquote>\n<p>Whilst all housebuilders have experienced a moment of shock during and straight after the referendum, they\u2019ve also experienced a strong rebound since.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Housebuilder Countryside Properties brushed off any fears about the health of the UK\u2019s property market by reporting a 34% jump in operating profits to \u00a3123m. Whilst concerns about a slowdown in the country\u2019s housing market have seemingly been increasing, last week Countryside gave a tremendous boost to the market\u2019s confidence. The developer who focuses on<a class=\"excerpt-read-more\" href=\"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/12\/01\/uk-housebuilder-reports-profits-third\/\" title=\"ReadUK housebuilder reports profits up by a third\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":1069,"featured_media":4610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[51,62,63,83],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/1837"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=1837"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/1837\/revisions"}],"predecessor-version":[{"id":6096329,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/1837\/revisions\/6096329"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/4610"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=1837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=1837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=1837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}