Real estate

Top 10 housebuilders to rake in £2.1bn in 2014

Affordable homes

Britain's ten biggest housebuilders are expected to see profits climb to over £2bn this year despite falling short of council targets on affordable homes. According to an analysis by the Bureau of Investigative Journalism, the country's leading builders – who between them control enough land to create 480,000 homes – will make pre-tax profits of more than £2.1bn in 2014 – a 34% jump on last year. The total is based on reported and projected profits for firms including Persimmon, Barratt and Taylor Wimpey, many of which have seen sales boosted by the Help to Buy scheme.


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