Bellway sales on the rise

Housing developer Bellway completed the sale of 2,332 homes in the the six months to 31 January.

That was 85 more than in the same period the previous year.

The average price of these homes has risen from £155,871 in the same period last year to £168,000, – an eight per cent jump

This company said moving away from building apartments to two storey houses had helped its figures.

Bellway said around £130m had been spent on land in the period and has a £7m of net debt.

In a statement the company said trade had been less hit by governmnet spending cuts than anticipated.

In October, our main concern was the effect the Spending Review would have on consumer confidence and, as already indicated in our last interim management statement, reservations to the end of November exceeded the Board's expectations."