The British housing company Redrow Plc., Announced that it expects the results of 2022 to be similar to those before the pandemic, mainly thanks to the increase in housing sales and prices.
Strong demand for spacious real estate amid a shift to remote work during the pandemic, along with record-low interest rates, boosted construction activity.
UK home prices rose for a fourth month in October, the latest sign of strong momentum in the housing market, Halifax said last week.
The company said it expects turnover for 2022 to reach 1 2.1 billion ($ 2.81 billion), close to 2019 levels, adding that its order book for the 19 weeks to November 5 had increased by 2% compared to the previous year.
“We entered the new year with a strong housing market, while trading remained strong,” said President Richard Akes.
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Source From: Capital
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