Taylor Wimpey aims to gain from cost cutting – Finantial Times

Taylor Wimpey group registered some improvement in its small Spanish business, where although the number of properties sold dipped, the average selling price rose to £238,000 from £214,000 in 2010, meaning it made a ’marginal’ profit.

While emphasising that the Spanish market overall remains ”very challenged,” Mr Redfern said the company benefited from operating in a smaller pool of active developers and because half the business was based on the island of Mallorca, where constrained land supply makes properties more expensive.

Via www.ft.com