Bellway sees rise in new-builds

16th December 2016

Housebuilder Bellway has reported that reservations were up 7% for the 18 weeks since the beginning of August, compared to the same period last year, and added that it expected to build 5% more homes in the financial year that ends next July. Bellway, which builds homes largely in east London and on the outskirts, also said it had restarted its land acquisition due to "the positive autumn trading performance", after pausing following the EU referendum. Site visitor numbers and hits to the group's website were both ahead of last year, while cancellation rate stood at 11%, edging up on the 10% seen a year earlier.

The Daily Telegraph (14/12/2016)   Financial Times (14/12/2016)   The Times (14/12/2016)   Evening Standard (13/12/2016)   Independent I (14/12/2016)