Redrow expects pre - tax profits for the year to be above analyst 's expectations . The company said that sales for private housing stood at £ 870 m , up more than 50 % on last year . The British housing market was expected to be affected by the EU referendum vote , with Deutsche Bank forecasting that a decline in housing prices would eliminate all opportunities for UK housebuilders . (Reuters) - But despite the Brexit vote , Redrow reported that housing sites were still busy and that a chronic housing shortage left market fundamentals unchanged . This week the firm said the average selling price of private homes was up around 50 % at £ 328,500 .
Redrow expects pre - tax profits for the year to be above analyst 's expectations . The company said that sales for private housing stood at £ 870 m , up more than 50 % on last year . The British housing market was expected to be affected by the EU referendum vote , with Deutsche Bank forecasting that a decline in housing prices would eliminate all opportunities for UK housebuilders . But despite the Brexit vote , Redrow reported that housing sites were still busy and that a chronic housing shortage left market fundamentals unchanged . This week the firm said the average selling price of private homes was up around 50 % at £ 328,500 .