0 Have your say House prices in urban regeneration housebuilder MJ Gleeson’s target areas are more or less the same as they were in 2007, in spite of mortgage rates having fallen from 6 per cent to 2 per cent over the past 12 years. The affordability issues of the UK housing market are limited to London and the South East, an area which is now suffering a steep fall in prices after bloated growth over the past decade. Now, Gleeson has appointed Lazard to review options for its Strategic Land division. It could make sense to sell it as the division is a land promotion business that enhances the value of land by securing mainly residential planning consents, predominantly in the South of England. Gleeson’s area of strength is the North. The Sheffield-based group appeals to low income households who are keen to buy their own property. With an average selling price of just £125,000, Gleeson makes the dream of home ownership a reality. Gleeson specialises in building on land that no-one else wants to buy and turning it into a desirable area. Its goal is to transform former pit villages and other deprived areas in the North into… Read full this story
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Blackfriar: Gleeson is championing affordable housing in the North have 321 words, post on www.yorkshirepost.co.uk at April 2, 2019. This is cached page on Business Breaking News. If you want remove this page, please contact us.