Telford enjoys record home sales

Telford Homes, the London-focused residential property developer, said it exchanged contracts on a record 803 homes in the year to 31 March, with over almost two thirds of these sold in the second half thanks to “exceptional levels of demand” from buyers both in the UK and overseas. The group said it has now pre-sold 94 per cent of its developments completing for the year to 31 March 2014 and said profits for the year will be ahead of expectations.