Property News · February 27, 2016

Earn £23,000 a year? This man wants to sell you a home


Gleeson specialises in ultra-low-cost newbuilds for modest earners. Unsurprisingly, in the current market, business is boomingJolyon Harrison is imagining a plot of land in the middle of a council estate. The local authority has demolished some rundown homes, and after years of neglect is trying to get someone to take it on. “One of the major housebuilders will be invited on to the site, take one look at the council houses and think: bandits,” he says. “We will look at the council houses and think: customers.”Harrison is chief executive of Gleeson Homes, which focuses on building for people on low incomes. At a time when home ownership at the heart of the government’s housing strategy, it is a good business to be in. On Monday, the firm’s half-year results showed revenue leapt by 52% in the second six months of 2015, and the number of homes sold was up by a quarter year on year. Operating profit almost trebled from £4m to £11.3m. Continue reading…

Source : theguardian.com
Read more…Earn £23,000 a year? This man wants to sell you a home

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