Published on: June 12, 2020
Green light for return to Scottish homebuilding
Scotland’s First Minister Nicola Sturgeon yesterday signalled that the construction industry in Scotland can move into the next stage of the Scottish Government’s reopening plan and we expect Springfield will recommence building work from as early as Monday. We assume that the country’s only quoted housebuilder will initially focus on cash generation by completing homes for existing buyers and that, longer term, we believe the pandemic could boost demand for its core family homes with gardens.
