Price pressures are easing, says Taylor Wimpey

Chief Govt Officer Pete Redfern

Taylor Wimpey stated she was on observe to ship outcomes for the total yr of 2019 according to earlier expectations, albeit with barely increased volumes and working margins. barely decrease than forecast.

Taylor Wimpey stated in July that she anticipates building price inflation of about 5% by 2019. Nevertheless, the fee pressures originally of the yr have eased in latest months, and Price inflation is anticipated to say no within the coming months. month.

Pete Redfern, Managing Director, stated: "We’re on observe to ship 2019 annual outcomes according to our expectations, which construct on an unprecedented gross sales fee within the business. 39, better political and financial uncertainty, actual property market circumstances have resisted on offering the very best service and construct high quality to our prospects and investing within the sustainability and future skill of our enterprise.

"Within the second half of the yr, we continued to see robust demand for our properties and we constructed a really robust backlog. Our money technology and monetary place are very robust and we reiterate our dedication to return round £ 610 million within the type of a complete dividend to shareholders in 2020. "

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