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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.