Matthew Pratt, Redrow's regional chief executive for the North of England, North Wales & Midlands, offers business insight and market outlook from the listed national housebuilder currently enjoying outstanding results

1. RESI
Place RESI 2015
Place North West
Matthew Pratt
Regional Chief Executive
Redrow Homes

2. RESI
Overview
• Redrow
• Current Trading
• The North West
• Looking forward

3. RESI
Redrow - Beginnings
• Redrow formed 1974 By Steve Morgan
• FTSE 250 Company MK cap £1.26b
• Average Selling Price £300K
• Customer led kerb appeal

4. RESI
Site Locations

5. RESI
Woodford

6. RESI
Saighton Camp
• Crown Park, based on the edge of Chester for 300 units which had outline planning permission

7. RESI
Liverpool Partnership

8. RESI
The Current Market
• Repaired balance sheets
• Low end sales price rises
• Stable market maintains long term future
• House price inflation reviewed by Bank of England

9. RESI
House building - Economy

10. RESI
House Building and the
Government
• Housebuilding used to
stimulate the economy
• Housebuilding labour intensive
• Supply chain uses UK based
manufacturing
• Tax; Council, Corporation,
income, Stamp duty, CIL,
section 106 planning Gain and
NI
• Support; NPPF, Help to buy,
Stamp Duty, Interest rates,
HtoB ISA

11. RESI
Land
• 2014 Stats - England
• 253,000 homes granted
planning permission
• 137,010 homes construction
started.
• 118,760 homes completed
• Infrastructure intensive sites
• Reserved matters application
delays

12. RESI
Looking to the Future - Labour

13. RESI
Looking to the future – Help to
Buy
• 5% customer deposit
required.
• Scheme in place until 2020
England
• Wales confirm extension
beyond 2016
• Help to buy ISA now
available.

14. RESI
Summary
• Housing up the political Agenda
• Help to buy expires in 2020
• House Price inflation in focus
• Skills Shortage
• Great future