Linden Homes enjoys stable conditions

May 21, 2019
<p><span class="bi"><span>Linden Homes has continued “to perform well” within stable trading conditions, according to its parent Galliford Try, although sales are slightly down.</span></span></p> <p><span class="bi"><span>Issuing a trading update for the period from January 1 to May 20 2019, the housebuilding, regeneration and construction group said that Linden Homes, its housebuilding arm, had maintained a sales rate of </span></span><span class="bd"><span>0.68 since the start of the year; this was a dip on the 0.71 of the equivalent period in 2018. </span></span></p> <p><span class="bd"><span>Linden’s average sales outlets during the period were </span></span><span class="ay"><span>79 against last year’s 84. Its unit sales reserved, contracted or completed totalled 4,320 (2018: 4,494). This was at a lower average selling price which reflected planned changes to the product mix, GT said. </span></span></p> <p><span class="ay"><span>As a result, total sales carried forward totalled £1,054 million, of which £770 million is for the current financial year </span></span><span class="ax"><span>(2018: £1,183 million and £904 million respectively).</span></span></p> <p><span class="bi"><span>Meanwhile, GT said its Partnerships &amp; Regeneration division “continues to deliver a strong performance.”</span></span></p> <p><span class="bi"><span>In this division, mixed-tenure sales reserved, contracted or completed rose to £284 million of which £175 million is for the current financial year to June 30 2019 </span></span><span class="ax"><span>(2018: £175 million …

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