Bovis Homes Group Plc half year results

August 16, 2016

Bovis Homes Group PLC yesterday  announced its half year results for the six months ended 30 June 2016.

Commenting on the results, David Ritchie, Chief Executive of Bovis Homes Group PLC said:

“We have delivered a record number of homes in the first half of 2016 which has driven strong profit growth, improved returns and a 9% increase in the interim dividend. Our forward sales position means we are well placed to continue this strong performance through the remainder of the year.

Whilst it is too early to judge the impact of the EU Referendum and the Bank’s monetary policy response on the UK housing market, the underlying market fundamentals for UK housing remain positive. We have been pleased with the resilient level of interest shown by potential home buyers contacting us. Our robust balance sheet, with debt lower than last year, means that we are well positioned to continue to take advantage of prime land opportunities at potentially higher returns. Overall, we remain confident in our strategy to deliver long-term growth in shareholder returns.”

To read Bovis Homes Group PLC half year results in full click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

LIVING BY THE SEASIDE 2022
Overseas Property

Brits continue to chase Spanish sunshine

The latest data insight from Enness Global has revealed that British interest in buying property in Spain continues to strengthen, despite growing political pressure from the Spanish government to restrict overseas buyers and curb foreign investment in the housing market. Enness Global analysed Google search trend data across the UK, tracking search activity related to…
Read More →
Breaking News

Property finance expert reveals the five renovations that could devalue your home

Expert warns that not all home improvements add value Over-personalisation is one of the biggest risks Renovation mistakes could shave THOUSANDS off final sale price Homeowners can spend tens-of-thousands of pounds on renovating their home, but not always make that back on the sale price. In some cases, renovations can seriously reduce a property’s appeal…
Read More →
Estate Agent Talk

Urban housing mix forces estate agents to work harder

The latest market analysis from eXp UK has revealed that estate agents operating in more urban, built-up markets are often required to work significantly harder to generate comparable earnings, due to the dominance of flats within city housing stock and the far lower commission secured per sale when compared to detached homes. eXp UK analysed…
Read More →
Breaking News

Property compliance experts urge landlords not to ignore major tenancy changes under Renters’ Rights Act

Beresfords property group highlights key actions landlords must take as new tenancy rules, enforcement powers and energy standards approach. UK landlords are being warned not to overlook major changes to tenancy agreements and compliance requirements, as the Government moves closer to implementing the Renters’ Rights Act 2025. Following the publication of draft secondary legislation, the…
Read More →
Breaking News

Nationwide becoming first lender to allow mortgage deeds to be signed digitally

Mary-Lou Press, President of NAEA Propertymark (National Association of Estate Agents), comments: “The conveyancing process remains one of the most common sources of frustration for buyers and sellers, with more than 30 per cent of housing transactions taking over 17 weeks to complete on average. These prolonged timescales only serve to increase pressure and uncertainty…
Read More →
Breaking News

Fruitful year ahead for aspiring first-time buyers

First-time buyers and those with little equity to refinance will find greater mortgage choice. During January, there was an uplift in higher LTV deals, with 90% LTV options at a record-high, plus a boost to 95% LTV deals, which are at their highest count since March 2008. The electronic monitoring of LTV choice at Moneyfacts…
Read More →