Countryside set to meet full-year expectations

April 17, 2019
<p><span>Countryside Properties is on track to meet its expectations for the full year, it said today (April 17) as it reported stronger customer demand after a “slower start to the year”.</span></p><p><span>The housebuilder and regeneration company said that its half year trading had been “solid”. During the six months from October 1 2018 to March 31 2019, its total completions (combining its Housebuilding and Partnerships divisions) rose 43% to 2,362 homes against the equivalent period the previous year.</span></p><p><span>The total private average selling price of the homes fell 4% to £377,000, resulting from an increased contribution from the company’s regional businesses, it explained.</span></p><p><span>Completions in Countryside’s Housebuilding division were “as expected” - broadly flat at 473 against H1 2018’s 483, but with a higher proportion of private sale homes.</span></p><p><span>The division enjoyed a good first half of securing future work, Countryside said, including being chosen by Homes England to deliver 769 homes across two new developments at Burgess Hill, West Sussex and Tattenhoe, Milton Keynes.</span></p><p><span>Its Partnership arm “continued to grow strongly”, seeing a 61% increase in completions to 1,889 homes. Excluding the acquisition of Westleigh, growth was 12%.</span></p><p><span>Following the acquisition, Countryside’s three new regions across the Midlands and Yorkshire were now fully integrated, the …

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