Housebuilder sells 4,595 home over past year, as prices also increase
Housbuilder Bellway sold 4,595 homes over the last 12 months, an increase of 5% from the previous year, with prices rising too.
Bellway, the country’s fourth largest housebuilder by volume, updated the market on its sales today. In the statement, it revealed that it sold 4,595 homes in the 12 months up to 31 July 2010 (2009: 4,380), an increase of 5%. The average sales price was £163,000, up from £154,005 in 2009.
It said that the market has returned to its traditional profile this year, with a spring peak followed by a quiet summer. It added that if the autumn market follows in tradition then its current order book of £421m could help it achieve growth in the financial year 2010-2011 of up to 10%.
Meanwhile it is continuing to buy land, focusing in the South, but “beginning to see more opportunities” in the north. The firm has £66m in cash.
Bellway’s preliminary results are due on 19 October.