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

Residential projects remain under pressure

Infrastructure keeps UK construction moving through a sluggish spell Residential and non-residential projects remain under pressure, while infrastructure and utilities work give the industry a much-needed lift The value of underlying work starting on-site during the latest three months declined 2% and stood 18% below last year’s levels. Residential construction starts fell 8% against the…
Read More →
Breaking News

Homebuyers hold tight ahead of Autumn Budget

but should they wait to make their move?   The latest research from Yopa has revealed that mortgage market activity has reversed in recent months, with approvals falling at an average monthly rate of 3.9% over the last four months, having previously increased by an average of 1.5% per month over the previous four months, suggesting…
Read More →
Breaking News

House price growth accelerates in Q2

The latest Property Market Index Review by London lettings and estate agent, Benham and Reeves, has revealed that the property market continued to build momentum during the second quarter of 2026, with UK house prices increasing by 1.1%, while London recorded a second consecutive quarter of positive growth.   The Benham and Reeves Market Index Review…
Read More →
Breaking News

House prices hold steady despite impact of higher interest rates

House prices were unchanged in September (0.0%), following a -0.3% fall in August The average property price is now £298,441, compared to £298,395 in August Prices were also unchanged annually (0.0%) compared with September last year Northern Ireland continues to lead UK annual growth, at +7.4% Latest first-time buyer prices reveal what a 2.5% deposit…
Read More →
Breaking News

Breaking Property News 5/10/26

Daily bite-sized proptech and property news in partnership with Proptech-X. Architect-founded KnowYourNest brings property scores into the home search, with a free 1–10 score and full KnowYourNest reports from £9.95 By Author Andrew Stanton CEO Proptech-PR NestLink today launches free NestScore checks and KnowYourNest property intelligence reports for buyers and homeowners across England and Wales.…
Read More →
Breaking News

Gap between house prices and earnings narrows

Gap between house prices and earnings narrows – but higher borrowing costs limit affordability gains UK’s house price to income ratio falls from 7.6 to 7.3, an 11-year low, as earnings continue to outpace house price growth For first-time buyers, homes now cost less than six times earnings, falling from 6.1 to 5.9 However, monthly…
Read More →