Bovis half year trading in line; too early to assess Brexit impact

7th Jul 2016 07:33

(ShareCast News) - Bovis said it was "too early" to assess the impact of Brexit on the UK housing market as it reported half year trading in line with expectations and record half year volume of 1,601 new homes, a 5% increase.Reflecting the continuing improving mix towards family homes in the south of England, average sales price increased to £255,000, 15% ahead of the same period last year."The housing market fundamentals remain strong with high demand from home buyers, good availability of affordable mortgages, good land supply and cross party political support to build more homes in the UK," Bovis said."Our geographic spread, targeted product range and agile management structure ensures we can be proactive in the market both demonstrating the appropriate degree of restraint in the short term but also well positioned to take further advantage of a fundamentally positive land market at the right time."