Homebuilder Bellway reported a near 10% rise in pretax profit, boosted by the help-to-buy scheme and a shortage of homes.
Completions rose by 7% to 4,462 in the six months ended 31 January. The average selling price rose by 4% to £291,000.
The company said strong demand as a result of the shortage meant that the post-referendum uncertainty had not had any meaningful effect on people’s willingness to buy its homes.
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