Updated 10:50am 15 December 2012

Incentive schemes boost house builder Bellway

HOUSE builder Bellway says there has been an improvement is access to mortgages thanks to Government incentive schemes.

The Newcastle company said the NewBuy programme, which helps people get on to the property ladder with new build housing, has helped to boost customer reservations to around 100 a week. The figure, for the period from August 1 to September 30, is a 6% rise on last year.

Bellway is selling from 213 sites nationwide compared to 205 a year ago and says that NewBuy now accounts for 10% of reservations.

The group said the average selling price of a Bellway home has increased by 4% to £195,800. Bellway has so far sold 3,951 homes in its current financial year, representing 72% of its annual target.

Related stories

From around the web

Share