Ed Monaghan, Mactaggart & Mickel’s chief executive, also told The Herald that the poor availability of mortgages was “still the biggest impediment to growth in the property sector” and that recovery remained “years away”.
Scottish housebuilder Mactaggart & Mickel has posted its second year of profits in the wake of the big 2008-9 slump and revealed it had walked away from the sale of giant Redrow's Scottish business.
Ed Monaghan, Mactaggart & Mickel’s chief executive, also told The Herald that the poor availability of mortgages was “still the biggest impediment to growth in the property sector” and that recovery remained “years away”.