Half Year Results 

McCarthy & Stone battening down the hatches

McCarthy & Stone battening down the hatches

McCarthy & Stone (MCS) may be lobbying the government for an exemption from proposals to crack down on ground rents on new leasehold properties, but it is preparing for the worst nonetheless. The retirement housebuilder – which charges an annual ground rent on its apartments – has been renegotiating its planning agreements, as well as taking a more cautious approach to buying land. That meant it completed 22 land exchanges and 21 planning consents during the first half, both down roughly a third on the 2017 half-year comparatives.  

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