Telford Homes (AIM: TEF) – positive trading announcement for the financial year end
Telford Homes (AIM: TEF), the London-focused residential property developer today announced a positive trading update ahead of its preliminary results for the year ended 31 March 2015, which will be announced on 27 May.
Telford Homes operates in relatively affordable areas of inner London that are benefitting from ongoing regeneration. Whilst property prices in London’s prime markets have seen some cooling off in recent months, demand for the Group’s properties remains strong and prices have seen controlled and steady growth in an environment of continued undersupply of new homes.
These conditions have ensured a consistently strong demand this year for the Group, with contracts exchanged on 661 open…
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