Revenue at property developer Bellway will increase by more than 13% to £2.5bn this year, the listed firm said in a trading update.
It said customers’ appetite to purchase new homes had so far been unaffected by any uncertainty in the wider economy.
It said in a statement: “Throughout the year, robust consumer demand for new homes has been supported by the ongoing availability of cost-effective mortgage finance and the continued provision of Help to Buy.
“This has contributed to the rate of sale, enabling the group to record an average of 187 reservations per week, an increase of almost 11% compared to last year.”
During the year, Bellway saw a 10.6% increase in completions to 9,644, while the group’s operating margin is expected to rise by more than 22%.
It added there had been a 16% growth in its forward sales to almost £1.3bn, compared with £1.1bn at the same point last year.
The group also ended the year with net cash of £16m.
Ted Ayres, chief executive of Bellway, said: “A focus on delivering growth, set against a backdrop of favourable market conditions, has helped Bellway to surpass last year’s record in respect of both volume and operating margin and further increase the group’s contribution to the supply of much-needed new homes.”
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