Land write-offs called for by City
Land write-offs called for by City
- 1990
- Contract Journal vol 356 no 5789 27/9/90 p3 .
The construction industry is reluctant to admit it will make a loss rather than a profit from housebuilding this year after proper reductions in land values have been written off its books. Some major groups - such as Costain , Tarmac , Amec and Laing - have already admitted in public that the price of land has fallen. Others still refuse to do so although values have halved in many parts of the country.
The construction industry is reluctant to admit it will make a loss rather than a profit from housebuilding this year after proper reductions in land values have been written off its books. Some major groups - such as Costain , Tarmac , Amec and Laing - have already admitted in public that the price of land has fallen. Others still refuse to do so although values have halved in many parts of the country.