Land locked?

Nov. 1, 2002
The recent impressive set of interim results from housebuilding plcs have added fuel to suggestions that the industry is deliberately restricting supply by holding massive land banks. &“Absolute rubbish&” is the typical industry retort. Steve Menary looks at the issueAre housebuilders sitting on land to make money on rising prices? A whispering campaign has suggested exactly this, arguing that restricted …

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