Redrow’s chairman Steve Morgan has said that net private reservations were 6% ahead, standing at 1,660, with the sales rate for the 19 weeks prior to 4 November up 4% on 2015. The company’s private order book is £941m, 29% higher than in 2015. " The average selling price of private reservations hit £355,000, an increase of £25,000 from the previous financial year. In a statement, Redrow said: “Despite our best efforts we are unable to meet demand and have had to reduce prices by more than 50% over recent months.
Redrow’s chairman Steve Morgan has said that net private reservations were 6% ahead, standing at 1,660, with the sales rate for the 19 weeks prior to 4 November up 4% on 2015. The company’s private order book is £941m, 29% higher than in 2015. The average selling price of private reservations hit £355,000, an increase of £25,000 from the previous financial year. In a statement, Redrow said: “Despite our best efforts we are unable to meet demand and have had to reduce prices by more than 50% over recent months.