Housebuilder Redrow has reported record rises in first-half profit and revenue, boosted by the stamp duty holiday and increased demand for regional homes.
Revenue rose by 20% to just over £1bn, while pretax profit soared by 11% to £174m. Its December total order book stood at a record £1.3bn, up from £1.2bn in 2020.
Redrow said it was now more than 95% forward-sold for the current financial year.
“Demand in the regions for our Heritage homes has been particularly high as more buyers reflect on their lockdown experiences and prioritise space in their homes and access to green areas,” it said.
Legal completions were up by 20% to 3,065, from 2,554.
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