Taylor Wimpey announces rise in orders for new house builds
There has been some good news for the property industry recently as
housebuilder Taylor Wimpey has reported a 73 per cent rise in
orders.
This means there could be plenty of new properties available on the
market next year as the company's orders currently stand at
£971 million.
In comparison, figures at the end of 2008 were £562
million.
Taylor Wimpey claims that despite previous predictions about the
worsening state of the property market, it appears to be
stabilising.
Furthermore, the company is considering purchasing more land and it
expects to see a rise in the average selling price of completed
properties by the end of the year.
The firm said that although the economy remains weak and levels of
unemployment continue to rise, "the severe downside scenarios for
which we have been planning now appear less likely to
materialise".
This news supports a claim made by Assetz earlier this week that
opportunities in the property market are never going to be better
than they are at the moment.
