Bellway home sales up 5%

5th Aug 2010 08:00

Housebuilder Bellway said it completed the sale of 4,595 homes in the year ended 31 July, an increase of almost 5%, at an average sales price of around £163,000 from £154,005 last time. The group said in the calendar year 2010 to date, the market would appear to have returned to its more usual profile of a spring peak followed by a quieter summer period.Concerns still exist in the wider economy, it added, but its divisions achieved a slightly higher reservation rate, during the financial year, of 89 per week (2009 - 85), with cancellation rates having returned to their normal level of around 13%."Against this background and provided the autumn market follows its usual pattern, then a combination of increased outlets and a current order book of £421m (2009 - £368m) could help the group achieve its aspiration of producing volume growth in 2010/2011 of up to 10%," Bellway said.