General News


News from around Europe


News from Africa


News from Asia


News from the Americas

Home » Europe, News

Average house price increase reported by Bellway

Submitted by on December 7, 2012 – 6:12 pm

Belway HomesBellway Homes has reported an increase in the average sale price to £195,800. The housebuilder has seen a 6% increase in its rate of reservations over the autumn period.

In a statement to the city, the firm said it had achieved an average of 100 reservations a week, in the period between 1 August and 30 November, which equates to an increase of 6% for the same period in the previous year.

It said customers ability to access mortgages at higher loan to value ratios had improved slightly as a result of the government’s NewBuy scheme. The firm said NewBuy mortgages accounted for 10% of reservations taken in the period.

It also reported a 4% increase in the average sale price bringing it to £195,800.