Member Article

York housebuilder Persimmon reports forward sales of £1.87 billion for 2014

York-based Persimmon plc has reported improved rate of sale results with current total forward sales of £1.87 billion for 2014, which includes legal completions taken so far this year.

Total forward sales revenue is 35% higher than in 2013 (£1.38 billion).

Persimmon also reported weekly private sales rate per site for the first fifteen weeks of 2014 was 25% ahead of the prior year.

According to the housebuilder, 7,200 new homes were sold forward into the private sale market for 2014, 38% ahead of the same point last year, with an average selling price of c.£200,400 which is c.3% higher.

The Government sponsored Help to Buy shared equity scheme in England reached its first anniversary on 1 April 2014 and Persimmon reportedly sold 5,000 new homes to customers using mortgages associated with this scheme, of which 2,203 legally completed in 2013.

This was posted in Bdaily's Members' News section by Clare Burnett .