Housing conditions remain positive for Bovis Homes

May 11, 2016

Bovis Homes Group PLC held it’s Annual General Meeting yesterday in Tunbridge Wells where the following update was  given regarding current trading and the outlook for the financial year.  ( Update in full visit Bovis Homes Group PLC website)

Current trading:  Housing market conditions remain positive with strong demand from home buyers who are benefitting from good access to mortgage finance.  Sales prices continue to show levels of sustainable growth driven by our improving mix of homes. 

Weekly sales rates have improved in recent weeks and in the year to date we have achieved 0.65 net private reservations per site, which is now in line with last year.  They have launched 17 new sites for sale with many sites acquired in 2015 now launched and selling well.  A number of sites have sold out earlier than expected and, as a result the total number of sales outlets has remained broadly constant over the year to date.  The forthcoming EU referendum has had no discernible impact on their business with strong demand across all our operating areas.

David Ritchie, Chief Executive, commented: “We have been trading well with positive market conditions supporting activity levels and we are on track to deliver our planned growth for 2016.  We continue to drive improvements in our operations across the enlarged business with strong investment in our people and focus on delivering value across the Group.”

To read the full Bovis Homes Group PLC AGM statement 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

Breaking News

Breaking Property News 2/3/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   Rightmove’s CEO Johan Svanstrom … ‘is a man under pressure’ Rightmove’s ‘Unthinkable Event’ Thought Leadership by Mal McCallion CEO at ModelProp, guiding AI-driven growth in property. The #Rightmove CEO came out swinging on Friday when his company’s latest set of annual results, for 2025, showed that they…
Read More →
bank of england interest rate
Breaking News

Bank of England Money and Credit Report – January 2026

Overview These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: et borrowing of mortgage debt by individuals decreased to £4.1 billion in January, from £4.5 billion…
Read More →
Breaking News

Nationwide house prices showing a 0.3% increase

Thoughts from the Industry Nathan Emerson, CEO of Propertymark comments: “Today’s figures from Nationwide show continued upward movement in house prices, reflecting resilient demand in many parts of the UK despite ongoing affordability constraints. “While rising prices may signal confidence in the market, they also reinforce the need for policies that support supply and improve…
Read More →
Breaking News

House price growth holds steady in February

Annual house price growth unchanged at 1.0% House prices were up 0.3% month on month Continued improvement in affordability helped drive first-time buyer activity in 2025 Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “Annual house price growth remained steady at 1.0% in February. Prices increased by 0.3% month on month, after taking…
Read More →
Home and Living

Domestic Fridge Recycling in the UK: Compliant, Convenient and Eco Friendly with Recycling4you

Every year thousands of fridges in the UK reach the end of their useful life and must be replaced. These appliances cannot simply be left out with general waste or dumped at the nearest tip. They contain hazardous materials such as refrigerant gases and insulating foam which require careful handling in accordance with strict legislation.…
Read More →
Estate Agent Talk

Buy-to-Let Explained: How It Works and Is It Worth It?

Buy-to-let is one of the most popular property investment strategies in the UK, attracting investors who want to generate regular rental income while benefiting from long-term property value growth. Whether you are a first-time landlord or someone considering adding property to an existing investment portfolio, understanding how buy-to-let works is essential. If you are exploring opportunities with Whitegates…
Read More →