Taylor vimpi In recent months, a decline in sales activity has been reported as it has flagged the upcoming autumn budget as connecting the concerns of weighing on the Herbuer confidence.
The Buckinghamshire -based Housebuilder still said it was ready to bend in the “pressure requirement” for new homes in the UK.
It reported a net private sales rate of 0.65 per outlet per week from nine weeks to 28 September – an indicator of the average number of houses sold at each development site.
It was lower than 0.7 recorded in the same period last year.
At the end of the period, its total order book value was £ 2.12 billion – slightly below £ 2.15 billion last year.
Taylor Vimpy told investors that it was on track to meet its target to meet the sales between 10,400 and 10,800 houses in 2025, and generates an operational advantage of about £ 424 million.
However, the company stated that it “attracts the attention of various issues affecting customers’ sentiments and tendency to purchase homes, including short -term customer confidence delayed Britain’s budget influence”.
Rahel reeves On November 26, it will determine its annual budget statement.
Pressure on Chancellor To balance the books, there is speculation to raise money that she may increase taxes, such as inheritance tax and capital profit tax rules.
Reports also stated that it may consider an overhaul of property tax, or is a step to implement national insurance on the rental income of landlords.
Uncertainty on changes may motivate potential home buyers to delay their shopping in a short term, some estate agents have suggested.
It follows new figures Nationwide building society After 0.1% monthly fall in August, the average price of Britain’s house increased by 0.5% in September compared to last month.
The nationwide stated that it shows that the underlying situation for potential home buyers was positive despite the uncertainty about the economy, and that the activity of the housing market was gradually becoming stronger.
Taylor Vimpy said that it is “full of confidence in the underlying basic things in the UK Housing Market, with its need for new homes”, as well as the ability to improve its own profits.