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Anna Wise

DARK SECRETS: Bellway buys up land but warns over local council planning delays | Vintage Vibes

Housebuilder Bellway has warned it will build nearly a third fewer homes over the year ahead amid slumping demand and falling house prices (Bellway/PA) -

Housebuilder Bellway has revealed it nearly doubled the amount of land bought for development in a bid to meet Government housing targets, despite warning over local council delays.

The FTSE 100-listed company said it contracted to buy 8,120 plots of land during the year to the end of July – about 76% more than the 4,621 bought the prior year.

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