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Bellway reports record home sales

  • 07/08/2015
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Bellway reports record home sales
National housebuilder Bellway announced record home sales in its trading update for the year ended 31 July 2015.

The group sold 7,752 homes in the period compared to 6,851 in 2014, an increase of 13.2% and a record for the group. The average sales price edged up 5% to £224,000 from £213,182 in the previous year.

In a statement about market conditions, Bellway said the demand for new homes had remained strong throughout the year supported by widely available and increasingly competitive mortgage finance.

Bellway has 4,568 homes worth £1,087.9m in its forward order book compared to 4,363 worth £924.3m in 2014.

Some £620m was spent on land and land creditors, another record for the group, compared £460m in the previous year.

Chief executive Ted Ayres said Bellway had made a substantial investment in attractive land opportunities and the group had the balance sheet and operational capability to invest further allowing it to continue delivering new homes.

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