Member Article

Bellway witness positive spring sales levels

Bellway is on track to achieve its sales growth targets for 2012, thanks to a “resilient” spring selling season.

Reservations rose by 9% in the 17 weeks to 31 May, securing sales growth targets of 5%.

The government backed first time buyer NewBuy scheme also helped to boost reservations, although Bellway still feel it is too early to judge its long-term success.

The average house price also rose by 5% to £190,400, while the private weekly sales rate, excluding social housing sales, rose by a fifth in the 17 weeks to the end of May/

Bellways focus in the buoyant London property market has been a major factor in it’s successful sales figures.

In a statement the housebuilder said: “Bellway is well positioned to continue its three pronged strategy of increasing volume, average selling price and operating margin,”

The NewBuy scheme contributed 90 reservations during the period, but said that the ultimate success of the scheme was dependent on mortgage rates offered by lenders.

Other housebuilders including Bovis, Persimmon and Taylor Wimpey have also issued positive trading statements during the same period.

This was posted in Bdaily's Members' News section by Ruth Mitchell .