UK construction company Taylor Wimpey has said that low supply and high demand are helping boost the company to record sales figures, while also saying that the risk of a housing bubble in the UK is low, and that the advance of the market is currently sustainable; CEO, Peter Redfern, said that "it’s a good market, not a rampant one. Housebuilder Taylor Wimpey said low housing supply and high demand were driving healthy sales growth but played down the risk of the UK market overheating. " The report comes as the Bank of England prepares for its next interest rate decision on Wednesday, with inflation expected to remain below target at around 2%.
UK construction company Taylor Wimpey has said that low supply and high demand are helping boost the company to record sales figures, while also saying that the risk of a housing bubble in the UK is low, and that the advance of the market is currently sustainable; CEO, Peter Redfern, said that "it’s a good market, not a rampant one." The report comes as the Bank of England prepares for its next interest rate decision on Wednesday, with inflation expected to remain below target at around 2%.