Construction News

01/05/2008

Wren Homes Fail To Sell A House In Six Months

Wren Homes Group has reported a massive decline in turnover, just £84,000, after failing to sell a single house in the last six months.

Retirement housing specialist Wren Homes said it just about managed a turnover because of a profit-share arrangement with another developer.

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Chairman of Wren Homes, Brian Nathan, said: "Whilst the current market in the UK for residential developments remains challenging, Wren expects to sell the majority of its existing finished units within the next twelve months."

(CD/JM)

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