Busi­ness In­sight

MJ Glee­son

The Daily Telegraph - Business - - Business Comment -

MJ Glee­son has re­ported a rise in the reser­va­tions it re­ceived as the low-cost house­builder cap­i­talises on an in­creas­ing de­mand for af­ford­able hous­ing, writes Char­lie Tay­lor-Kroll.

In its AGM state­ment, Der­mot Glee­son, the house­builder’s chair­man, said that net reser­va­tions were up 40pc over the last six months to Dec 6.

Some 71pc of MJ Glee­son cus­tomers are “tak­ing ad­van­tage” of the Gov­ern­ment’s Help to Buy scheme, he told share­hold­ers.

MJ Glee­son said it hoped to com­plete around 10pc more houses in the sec­ond half of the year com­pared to the first half.

The Sh­effield head quar­tered com­pany has sought to ad­dress the na­tional need for af­ford­able hous­ing by fo­cus­ing on build­ing houses with an av­er­age selling price of £125,000.

Russ Mould, in­vest­ment di­rec­tor at AJ Bell, said that the house­builder is in a “nice po­si­tion” adding that the com­pany is “ful­fill­ing a burn­ing need for af­ford­able hous­ing”.

In the state­ment, Mr Glee­son said that the com­pany’s out­look re­mained pos­i­tive due to the com­pany’s “abil­ity to of­fer at­trac­tive lev­els of af­ford­abil­ity” to cus­tomers.

House­builder MJ Glee­son said that reser­va­tions were up 40pc

Der­mot Glee­son Chair­man

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