Countryside “performing in line with expectations”

July 25, 2019
<p><span>Countryside Properties is continuing to perform in line with its full year expectations, it said today (June 25), as it issued an update covering the period from April 1 to June 30 2019.</span></p> <p><span>During the quarter, the housebuilder and urban regeneration partner completed 1,055 homes in total (covering its Housebuilding and Partnerships division) in line with the equivalent period in 2018 when it completed 1,060.</span></p> <p><span>Its private average selling price was flat at £374,000 (Q3 2018: £376,000), with its net reservation rate (per active outlet per week) rising 12% to 1.00</span><span>. </span><span>Open sales outlets slipped from 60 in Q3 2018 to 56.</span></p><p></p> <p><span>Countryside’s total forward order book rose 17% to £1,135 million.</span></p> <p><span>The company said its Housebuilding arm performed to expectations during the quarter. Total completions fell from 237 homes in Q3 2018 to 190, due to “anticipated build phasing”.</span></p> <p><span>Meanwhile, completions in the Partnerships division grew 5% to 865 homes, with Countryside expecting further growth in its new Midlands regions which should continue into next year.</span></p> <p><span> </span><span>The business said it continued to experience “strong” customer demand for homes of all tenures across both divisions. It added that it had a “significant” delivery programme in Q4 thanks to the …

Continue reading

To continue reading this article please login or register.

Login

Forgot your password?

Register for free

Quick and free registration

Register