<p>Housing sales are likely to return to more normal levels rather than “fall off a cliff” in the coming months, according to John Tutte, Redrow’s executive chairman.</p><p><span>Speaking about the housebuilder’s full year results, released today, (September 16) Tutte said that </span><span>following a surge in demand post-lockdown, future sales performance depended </span><span>on “where the economy is going and what happens with stamp duty when there are not enough high loan-to-value mortgages available.”</span></p><p></p> <p><span>Tutte commented he was “quite surprised” by the market’s bounceback, “but if I think about it, I shouldn’t have been. If you go through a period of no sales, there’s going to be pent-up demand”.</span></p><p></p> <p><span>Redrow’s strategy of carrying a strong order book would help combat any changes to sales following the end of both the stamp duty holiday and the first iteration of Help to Buy at the end of March, Tutte said. And with the changes to Help to Buy known long in advance, “we’ve been putting a strategy in place based on our popular Heritage product which is attractive to the broad market”.</span></p><p></p> <p><span>Redrow had emerged from the coronavirus crisis “in good shape”, Tutte stated. However, it had been a challenging period for the business, affecting …