UK housebuilder Bellway expects total revenue growth to increase by 12% to just under £1.5bn ($1.93bn) for the six months to the end of January, despite continued uncertainty surrounding Brexit. The company said it sold a record 10,307 new homes, bolstered by the government's Help-to-Buy scheme, while the average selling price rose by 6.5% to £293,800 in the same period. In its latest quarterly results, the construction sector reported an 8% rise on sales volume and a 7% fall on sales, but still posted a profit of £1.3bn (£1.1bn).
UK housebuilder Bellway expects total revenue growth to increase by 12% to just under £1.5bn ($1.93bn) for the six months to the end of January, despite continued uncertainty surrounding Brexit. The company said it sold a record 10,307 new homes, bolstered by the government's Help-to-Buy scheme, while the average selling price rose by 6.5% to £293,800 in the same period. Bellway also expects sales to rise during the rest of 2019, driven by continued demand for affordable homes.