Housing conditions remain positive for Bovis Homes

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

Estate Agent Talk

Homes for sale in UK has reached highest level in eight years – Thoughts from the Industry

Following on from the data from Zoopla the number of homes available for sale in the UK has reached the highest level in eight years. Here are some thoughts from within the property industry. Guy Gittins, Chief Executive of Foxtons, said: “Despite last week’s announcement of a general election, we’ve not seen a dampening of…
Read More
Rightmove logo
Breaking News

Rightmove’s weekly mortgage tracker

Headlines The average 5-year fixed mortgage rate is now 04%, up from 4.63% a year ago The average 2-year fixed mortgage rate is now 41%, up from 4.97% a year ago The average 85% LTV 5-year fixed mortgage rate is now 01%, up from 4.55% a year ago The average 60% LTV 5-year fixed mortgage…
Read More
Breaking News

Highest supply of homes for sale in eight years will keep house prices in check

Zoopla HPI reveals that the UK is currently experiencing the highest supply of homes for sale in eight years, which will keep house prices in check for the rest of 2024, and also predicts that the 4th July General Election will have less impact on the housing market than during previous election periods. Supply of…
Read More
Breaking News

Breaking Property News – 29/05/24

Daily bite-sized proptech and property news in partnership with Proptech-X. Made Snappy 360 says 61% of letting agents omit property measurements from their listings – which NTSELAT now requires  Letting agents across the UK are proactively responding to an update from the National Trading Standards in Estate & Letting Agency (NTSELAT) regarding recommended “material information”…
Read More
Love or Hate Rightmove
Breaking News

Rightmove story: Home-movers undeterred by election

Majority of home-movers undeterred by election New insight among home-movers shows 95% say the upcoming election will not affect their moving plans Rightmove data from previous elections shows that the market remained steady: In 2015, demand from buyers was consistent leading up to the election, and experienced a post-election boost in June when the annual…
Read More
how to present your property for sale
Estate Agent Talk

6 Property Management Marketing Strategies For And Beyond

Did you know that over 70% of individual renters find their new homes on the­ internet? In our current digital e­ra, a sturdy online existence­ isn’t just an extra for property management firms—it’s a critical need. Nonethele­ss, with innumerable property administrators scrambling for visibility, how might your firm gain promine­nce? The solution is a de­tailed…
Read More