Bellway reported strong demand for new homes in the second half of its financial year as buyers looked for larger properties with home-working space.
The company on Tuesday lifted its forecasts for the average selling price to £300,000 from £293,000. The order book rose 20.5% to £1.89bn in the four months to June 6.
Bellway said demand for larger, higher-value homes remained “encouraging”, also supported by the extension of the government’s stamp duty holiday and despite the introduction of lower regional price caps under the “help-to-buy” scheme outside of London, and the restriction to first time buyers only from April 2021.
