Bellway forecasts average selling price will top £305k in hiked guidance March 29, 2022 Property developer Bellway has said it expects its average selling price to be more than £305,000, up on previous guidance. In half-year results, revenue rose 3.5 per cent to £1,780m, up slightly on 2021’s figure of £1,720m. The housing developer said the forward visibility provided by the order book meant that the average selling price [...]
Bellway revenue climbs to £1.78bn amid record numbers of new homes February 8, 2022 Housebuilder Bellway is on track for revenue of £1.78bn in the first half of the year driven by a record number of home completions.
Cladding bill nears £2bn mark as Bellway, Vistry and Countryside Partnership pledge to fix homes April 7, 2022 Housebuilders’ pledges to repairing unsafe cladding has neared a bill of £2bn as Bellway pledged £485m to fix homes on Thursday. According to analysis from AJ Bell, the total bill now stands at £1.8bn, with FTSE 100 developer Berkeley yet to declare how much it will provide. The department for levelling up, housing and communities [...]
Housebuilder Bellway revenue nears pre-pandemic level August 10, 2021 Housebuilder Bellway has reported revenue nearing pre-pandemic level in its latest trading update. Revenue was just 2.5 per cent below the 2019 level thanks to underlying demand, the firm said in an update for the year ended 31 July 2021. Housing revenue rose by 41 per cent to over £3.1bn compared to £2,204.4m in 2020 [...]
Housebuilder Bellway makes record land investment as house prices rocket June 15, 2021 Bellway has made a record investment in land since last August, a move that could pay off handsomely in the future with the recent rise in house prices. The housebuilder has contracted to acquire some 15,982 plots since 1 August 2020, up from 10,079 plots in its 2020 financial year, and 10,620 in 2019. Bellway [...]
UK housebuilder Bellway ups selling price expectations and reinstates dividend March 24, 2021 Bellway this morning reinstated its dividend and upped its selling price expectations for this year as the UK housebuilder reported strong demand for new homes. The FTSE 250 developer said the full-year average selling price is now forecast to be more than £295,000, up from a previous estimate of £293,054. It announced it will reinstate [...]
Bellway revenue soars as first-half housing completions break records February 9, 2021 UK housebuilder Bellway reported that completions rose to record-breaking levels in the first half of the year, sending revenue soaring. Housing revenue jumped more than 12 per cent to £1.72bn in the first half, up from £1.52bn the previous year. The number of homes sold rose 6.3 per cent to 5,656, compared to 5,321. Bellway [...]
Persimmon slashes number of homes built as rate rise rattles business August 10, 2023 Persimmon has cut the number of homes it’s building by more than a third as the housebuilder faces up to rapidly rising mortgage rates and a slowdown in consumer confidence. The construction company built a total of 4,249 homes in the first half of the year down from 6,652 homes compared to the same period [...]
Housebuilder Bellway restarts dividend as new orders jump October 20, 2020 UK housebuilder Bellway has resumed the payment of its dividend after the recent surge in housing market activity helped push up forward orders by 43 per cent. The group reported that pre-tax profit fell to £236.7 in the year ended July. That compared to £662.6 a year earlier. However, the future is looking brighter amid [...]
Top housebuilders pay ‘excessive’ £16bn in dividends over 18 years October 17, 2023 Researchers from Sheffield Hallam University found the eight largest housebuilders paid shareholders 260 per cent more in 2022 than 2005.