Bellway completed the sales of about 10,000 homes in the year to the end of JulyBellway has made a record investment in land as it looks forward to a continued boom in the housing market. It has bought 15,982 plots valued at £891 million since last August and has agreed to buy a further 9,000 plots. SponsoredNews of the land investment came as the housebuilder yesterday reported a 20.5 per cent year-on-year rise to almost £2 billion in the value of its order book. The FTSE 250 company forecast completed sales of about 10,000 homes in the year to the end of July, compared with 7,522 homes a year previously. It expects to report an average selling price of more than £300,000, up from the £293,054 average a year ago.

Source: The Times June 15, 2021 23:02 UTC