Reservations fall for Bellway
HOUSEBUILDER Bellway today said reservations were 7% lower than a year ago after the credit crunch caused nervous consumers to put off house purchases.
Bellway, which employs 2,000 staff across 18 regional offices, warned the outcome for its financial year to July 31 would depend on conditions during the key spring selling season. Bellway’s strong forward sales position should allow the company to deliver modest growth in sales volumes for the six months to January 31. But since the middle of October - when Bellway reported a 6.4% rise in pre-tax profits - reservations have fallen below last year’s level.
Bellway is building at various sites across the Tees Valley.
