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Short-term uncertainty for housing after election

The election result could mean uncertainty for the housing market in the short term, Crest Nicholson chief executive Stephen Stone said.

However, the new-build housing market is expected to remain robust, he said, helped by strong employment, low interest rates and good mortgage access.

The company said pretax profit had risen 5%, while forward sales were 4% higher on the year at £540.4m.

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