Bellway sees robust sales demand

June 15, 2021
<p>Bellway has seen “strong sales demand” since February, with the business expecting to complete around 10,000 homes for its full year, close to 2019 levels.</p> <p>Reporting on the period from February 1 to June 6 2021, the housebuilder said that during this time it saw an average of 239 reservations per week, up 51.3% on the equivalent period in 2020 - which Bellway acknowledged was severely affected by <span>Covid-19</span><span> </span><span>– and against the 244 per week of 2019.</span></p><p></p> <p>Average private weekly reservations from February to June were 193 per week compared to last year’s 120 and 2019’s 190.</p> <p>Bellway said the demand for larger, higher value homes remained “encouraging” in the context of the second iteration of Help to Buy, driven by the extended stamp duty holiday and customer preferences for “more home working space”.</p> <p>It added that this environment had driven up prices higher than previous guidance, with Bellway’s average selling price for the financial year expected to be “in excess of” £300,000, compared to FY 2020’s £293,054 and 2019’s £291,968. Prices are set to moderate for FY 2022 due to “ongoing product mix changes”. </p> <p>The business noted the increased demand for skilled labour and materials which was …

Continue reading

To continue reading this article please login or register.

Login

Forgot your password?

Register for free

Quick and free registration

Register