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MJ Gleeson house prices jump, too

Even the prices of the cut-price developer's homes surged 11.3 per cent in the 12 months to June
MJ Gleeson house prices jump, too
  • Homes now selling for £145,800 on average
  • Rising land values could pinch margins

For a long time, a ‘pile them high, sell them cheap’ price strategy has worked very well for MJ Gleeson (GLE). During the last decade, a combination of government support, low interest rates and a steely focus on costs meant the only limit to the housebuilder’s growth was how fast it could build.

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