Partner Article

Bellway charts signs of recovery

Newcastle-based housebuilder Bellway has delivered some welcome good news for the housing sector with a marked upturn in business.

In the six months to the end of January, the company’s order book stood at £390m, compared to £296m in the same period the previous year.

The group sold 2,247 homes in the half-year period - compared to 2,014 in the six months to January 2009 - although the average house price dipped slightly from £156,146 last year to £156,000 this.

In an interim statement, the company said: “We expect trading conditions during the first half of 2010 to be subdued relative to historic levels.

“Nevertheless, the board considers that the group is currently well positioned and is trading profitably with a high level of targeted output already secured and no borrowings.

“This should enable Bellway to take advantage of opportunities as and when they arise.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .