Steady Progress For 2012 Says Persimmon Group Chief Executive
17 November 2012
Mike Farley, group chief executive of Persimmon plc, one of the UK’s leading housebuilders, spoke about his forecast for the 2012 housing market.
Mr Farley said: “We’re currently expecting both prices and sales volumes during 2012 to remain similar to those in 2011 as the market remains stable.
“All forecasts are of course dependent on continued economic stability and in this respect our industry is no different to any other.
“The Government has recently announced a series of initiatives to stimulate the housing market. We’re fully supportive of the 95 per cent mortgage indemnity scheme, which we expect to see implemented by the spring of next year. This scheme will make a significant impact later in the year, as it will improve mortgage lending for first time buyers.
“We will continue to work with the Government to support the new draft National Policy Planning Framework, which could substantially improve the supply of residential planning consents to address the significant shortfall in new homes construction across the UK.”