Retirement builder benefits from higher prices

Posted on March 1st, by editor in Caring Times. No Comments

McCarthy and Stone, the retirement housebuilder, has reported a 19 per cent drop in the number of flats sold in the six months to February 28, 2001. The lower volume was offset, however, by a rise in the average selling price from £85,900 to £94,000. The largest rise was in the South-East, where prices rose 25 per cent. Turnover fell from £65.5m to £58.5m and pre-tax profits from £20.2m to £18.6m. The company was positive about the future. It noted interest rates were falling, that enquiries had shown a ‘marked improvement’, that it had been able to continue undiminished with its land buying programme, and that there was an increasingly favourable demographic profile for its products.

Comments are closed.

Latest blog posts

End of life care – care homes can do it well

By guest blogger Professor Keri Thomas,

Clinical director, National GSF Centre for End of Life Care

News that care homes could, based on current trends, overtake...

The DTOCs dashboard dilemma

By guest blogger JEF SMITH

The Department of Health refers to delayed transfers of care – the issue of people not being able to move...

From where I stand . . .

By Caring Times editor GEOFF HODGSON

A group of residents’ families have criticised the Care Quality Commission’s refusal to review the ‘good’ rating it awarded to...