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Housebuilder Warns On Profits

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A NICHE MARKET...

McCarthy & Stone, the retirement homes builder, on Monday warned of another "testing" year ahead, telling investors at the annual meeting that buyers appeared reluctant to purchase new homes.

Keith Lovelock, executive chairman, said the resulting squeeze on profitability would be "particularly evident in the results for the half-year".

...but it is a start

Hi,

WoW! And that target market are the upper end of the baby-boomer generations, the asset-rich trade-downers. Even they realise that the legoland, plaster-board, "executive" retirement developments of today are rubbish. They even get 30% price reductions of the government as pensioners on new builds and they still think its crap.

Boomer

Edited by boom_and_bust

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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