Wednesday, February 22, 2012

Bumper profits for UK land speculators

Bumper profits from UK house builders

Much of the improvement in margins came from Barratt selling an increasing amount of homes that have been built on land bought in 2009 or more recently. This land was bought at far lower prices than before the housing market crash of 2008 and therefore these houses generate far higher margins.

Posted by ontheotherhand @ 04:46 PM (1324 views)
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One thought on “Bumper profits for UK land speculators

  • I get it, so they do not build on the 2005,2006 & 2007 land and then call a profit.

    Looks like accounting trickery to me.

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