The average selling price in Countryside Properties’ housebuilding division has fallen by 8 per cent to £430,000 DAVID DAVIES/PRESS ASSOCIATIONCountryside Properties said a move downmarket was helping its housing sales to grow, as the developer reported a 28 per cent rise in the past year. The average selling price in its housebuilding division fell by 8 per cent to £430,000, at a time when prices in its heartlands of London and the southeast of England generally rose. Completions rose 53 per cent to 1,197. Ian Sutcliffe, chief executive, said a decision had been taken three years ago to reposition the housebuilding side and make homes more affordable. The average selling price in the south is about £500,000, while in the north of England it is about £250,000, including homes sold by the partnership…

Source: The Times November 23, 2017 00:00 UTC