Housebuilder report strong half-year trading, as confidence improves after the election
Persimmon snapped up 11,500 plots during the six months to June, as part of its push to build 16,000 homes a year within five years.
In a half-year trading update, Persimmon said its consented land bank hit 92,400 plots at 30 June.
Over the first half of the year, legal completions were up 7% to 6,855 units, up from 6,408 units the previous year, while the average selling price rose 4% to 拢195,000.
Persimmon said confidence among buyers 鈥渞emained resilient鈥� in the run up to the general election and had 鈥渋mproved subsequently鈥�.
The firm opened 122 sites in the first half, and plans to open a further 125 sites by the end of 2015.
Persimmon added: 鈥淐ustomer demand has been supported by an increasingly competitive mortgage market over the last six months, together with continued growth in employment and some welcome improvement in disposable incomes.鈥�
The firm will announce its half-year results on 18 August.
No comments yet