Changing buying habits sees Redrow scale back London work

By Joey Gardiner2020-06-30T07:54:00

Housebuilder to focus on regional business as buyers look for green space post-covid

Redrow is to drastically scale back its London operations after the covid-19 lockdown saw completed sales at the housebuilder for the year to June slump by nearly 40%.

In a trading update marking the close of the financial year on June 28, Redrow said the number of housing completions fell by 37% from 6,443 to just 4,032, while its turnover dropped by 36% to £1.34bn, compared to £2.11bn in 2019.

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