Record completions for Bovis

July 7, 2016
<p><br>Bovis has seen legal completions rise to a record 1,601 new homes in the half year to the end of June 2016, 5% up on last year. Weekly private sales rates per site stood at 0.62, in line with 2015. The firm says that after a strong period of selling during the spring, sales rates have followed a normal seasonal reduction into the summer period. "We continue to see a healthy level of interest on our active sites," says Bovis.</p> <p>The group launched 21 new sales outlets in the first half year. With a quicker rate of sale on some sites, closure rate has accelerated so the average number of active sales outlets is stable in the year to date. The group says it has a pipeline of new sales outlets planned to be launched in the second half year which will continue to replace the anticipated sales outlet closures.</p> <p>Bovis says an important component of future volumes is the increasing proportion of social housing in the mix. “Our strategy of investing in more southern locations brings with it higher social housing requirements,” the firm says. “The group currently has approximately 1,100 social reservations targeted for delivery in 2016, which …

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