Pandemic has “significantly affected” Bellway

Reporting on its results for the year ending July 31 2020, Bellway said that during the period its housing completions dropped 30.9% against the previous year to 7,522.  The housebuilder also said financial performance has been “significantly affected” by the coronavirus pandemic but like other housebuilders it has seen strong sales since lockdown. Pre-tax profit plummeted

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Countryside “well positioned” for growth

Countryside has seen its mixed-tenure housing model prove resilient this year in the face of the Covid-19 pandemic and the firm has continued to see strong demand for all tenures of housing. In a trading statement covering the year ending September 30, Countryside said it completed 4,053 homes (2019: 5,733 homes) of which 1,454 were

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Resilient trading for Berkeley

Berkeley’s trading has been “resilient” since the start of its financial year, with the business expecting a more even profit split between the first and second halves of the year, it reported this month. Reporting on the period from May 1 to August 31 2020, the housebuilder said that its production levels had been “better

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Sales confidence for Redrow

Speaking about Redrow’s full year results, released on September, John Tutte executive chairman said that following a surge in demand post-lockdown, future sales performance depended on “where the economy is going and what happens with stamp duty when there are not enough high loan-to-value mortgages available.” Tutte commented he was “quite surprised” by the market’s bounceback, “but

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Barratt’s sales rebound despite Covid

The coronavirus pandemic has “significantly reduced” Barratt’s completions, increased costs and impacted its profit, it reported on September 2nd, but despite this the business has seen strong sales in recent weeks. During its financial year ending June 30 2020, the housebuilder’s total completions fell 29.4% to 12,604 against FY 2019. The average selling price of its

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Rightmove report sales at ten-year high

Rightmove has seen the highest number of sales agreed in a month since it began tracking this data more than a decade ago, with the latest weekly sales figure up 60% against the same week in August 2019. The property listing website’s house price index for August reflects the market’s current bounceback, with the highest

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Strongest sales to date for London Square

London Square has reported its best sales results to date as it marks its tenth anniversary.  The developer’s annual results report completion on 559 homes, up from 253 in 2019, revenue increase to £272.4 million from last year’s £168.3 million, with operating profit also rising to £10.8 million (2019: £6.5 million). Forward sales improved from 2019’s

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Tony Pidgley – founder of Berkeley passes away

Tony Pidgley CBE, Berkeley Group’s founder and chairman, has died suddenly, the housebuilder has announced. In a note to colleagues on 26th June, Berkeley’s chief executive Rob Perrins said: “It is with the greatest sadness that I have to inform you of the sudden death of Tony Pidgley. “Tony suffered a catastrophic brain haemorrhage yesterday

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Bellway sales remain “severely constrained”

Bellway expects year-on-year sales to be “severely constrained” until UK lockdown measures are lifted further, it said this month, with its net reservation rate dropping almost 70% during the lockdown period compared to last year. In the ten weeks from March 23 to May 31, the housebuilder saw its net reservation rate “rapidly” decline to

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