2nd Jul 2015 06:10
LONDON (Alliance News) - Persimmon PLC on Thursday said it traded well in the first half of 2015, with legal completion volumes and revenue both rising, average selling prices higher and its total forward sales value at the end of June up by 15%.
The FTSE 100-listed housebuilder said new home legal completion volumes in the six months to the end of June rose by 7% to 6,855 units, with total revenue rising to GBP1.34 billion from GBP1.20 billion a year earlier. Visitors to its sites in the UK are in line year-on-year and cancellation rates remain low, the company said.
Persimmon said demand has been backed by an increasingly competitive mortgage market, along with continued employment growth and a boost to disposable income levels in the UK.
Its average selling price in the half increased by 4% to GBP195,000, up from GBP186,970 a year earlier. The company also said its forward sales volumes to the private market were up by 12% in the half at 4,606 new homes, with an average selling price of GBP213,000, 4% higher year-on-year. Its total forward sales value at the end of June was GBP1.36 billion, up 15%.
By Sam Unsted; [email protected]; @SamUAtAlliance
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