Crest Nicholson rates stalled

REAL estate development company Crest Nicholson said forward reservation numbers had been unable to exploit the momentum given by the Help-to-Buy scheme launched in 2013.

The developer said open-market reservation rates between 1 May and 5 September were down eight per cent compared with the same period in 2013, from 0.95 to 0.87 per outlet week.

The company expected a 15 per cent increase in volumes of developments completed in 2014, compared to 2013.