Bellway Homes reported ‘robust’ take-up of homes over the 18 weeks to 30 November this year, with 147 houses reserved each week compared with 144 this time last year, according to an IMS this morning.
The group has invested £233m in land investment opportunities compared with £121m this time last year.
September’s Mortgage Market Review has not had a negative impact on sales, with cancellation rates currently at historic lows of 10.4%. This compares with 11.9% in 2014.
Chief executive Ted Ayers said that rapid revenue growth in certain London markets was starting to tail off, resulting in ‘more sustainable’ market conditions.
