Retirement house builder McCarthy & Stone has said sales have slowed recently because of uncertainties following the general election.
In a trading update, the firm said: “Underlying trading conditions remained stable during the period with some slowing of sales momentum experienced in recent weeks due to the uncertainty created by the general election.”
Its trading statement covers the period between March 1 and July 4.
But it added: “The Group continues to capitalise on the attractive demographic opportunity presented by a rapidly ageing population, the structural shortage of suitable housing options for older people and its leading position as the UK’s largest and only national retirement housebuilder.”
The house builder said average selling prices have exceeded £280,000 during the period – up from £265,000 for the same period last year – while it said total forward sales including legal completions to date were in line with the prior year at £659m which it said “represented a significant improvement since the start of the financial year”.
McCarthy & Stone said it will release another trading statement for the full year ending August 31 on September 6.
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