Housebuilder Persimmon lifted by stamp duty changesComments Off on Housebuilder Persimmon lifted by stamp duty changes
Shares in the UK’s most valuable builder edged 5.5p higher to 1533.5p as it reported a 17% rise in completions to 13,509 new homes last year.
Around 40% of Persimmon’s sales are through the Government’s Help to Buy scheme but the stamp duty reforms, which cut the tax for anybody buying a home worth less than £937,500, will also help, chief executive Jeff Fairburn said.
“It will certainly help this year and in the run-up to the election, where traditionally we see some caution. Every little should help to keep some momentum going,” he said.
Christmas, traditionally quiet, was busier than last year. “As soon as Christmas is out of the way people start looking for things to do so we were pleased by the number of people we saw.”
Tiling specialist Topps Tiles today gave further hope the housing market is improving, posting a 6% rise in first-quarter sales at shops open longer than a year.