House builder blames ‘broken planning system’ and interest rates for loss Property In independent house builder has blamed the “broken planning system” and high interest rates putting off first time buyers for it falling into the red. Cheshire-based Eccleston Homes has reported a pre-tax loss of £1.2m for the 12 months to 31 October, 2024, down from the £2m profit it achieved in the prior year. New [...]
Crest Nicholson: Housebuilder upbeat despite ‘tough and disappointing year’ Property Housebuilder Crest Nicholson has said it is “well-positioned” to meet housing demand with a new strategy, despite lower-than-expected profit this year. Revenue at the housebuilder fell six per cent for the full year to October 31, to £618m, while operating profit fell 38.4 per cent to £31.3m. Profit before tax fell 53.3 per cent year [...]
