Decision to increase number of affordable homes pushs up total number of homes sold for year ending October 31.
Crest Nicholson have recorded a 30% increase in the number of housing units sold in the year ending October 31, according to a trading statement released today. The company expects to announce record profits when it releases its year-end trading statement.
Following a decision to increase work in building affordable housing, Crest Nicholson sold 700 such homes in the 12 months to October. This brought down the average price of its new-build sales to 拢210,000, from 拢239,000 the previous year.
The company has also been appointed lead developer for the 拢500 million Oakgrove Millennium Community in Milton Keynes, and has been chosen for a partnership agreement with Grovesnor for the 拢1 billion regeneration of Bath Western Riverside.
