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Devon Housebuilder In Trouble?

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Just been speaking to my mum.

My dads old garage was bought buy a developer, Devonshire Homes to develop into 4 houses. They have also recently completed 10 new 3/4 bed homes in the village of Bampton, Devon. Not a single one has been sold! None sold before completion and none selling now that they are completed. Some are 'reserved' but doesn't look like this is turning into sales. Just found out that the developer isn't going to complete the garage development, they are going to complete the shell and then leave it. Running out of money?

Devonshire Homes also have contracts on two other sites in Bampton for approx another 40 homes in total.

I guess they won't be building these any time soon!


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