House builder upbeat after 'excellent start to 2013'
THE managing director of a South Gloucestershire-based house builder has reported a strong start to 2013, as increased demand for new homes and improved mortgage availability combine to deliver a positive outlook for the housing market in the region.
As the company released its results for the first half of 2013, Carl Haley, managing director for Persimmon Homes Severn Valley, says the company has made an excellent start to the year.
He said: "Underlying pre-tax profits for the group are up 40 per cent on last year at £135.3m (2012: £96.9m) and legal completions in the UK are up seven per cent to 5,022 (2012: 4,712) compared to the same period in 2012.
"Nationally, we have seen a 15 per cent increase in visitors to our developments, with weekly private sales reservations 12 per cent ahead of the same period in 2012, rising to 30 per cent stronger following the introduction of the Government's Help to Buy measures in April."
"We are working hard to deliver new homes to people across the region, whether this is private housing through our brands Persimmon Homes and Charles Church, or affordable homes through Westbury Partnerships.
"In the first half of this year we successfully opened five new sites – including housing orientated for families at Wren Gardens, Bridgwater, marina living apartments at our Galatea and Aurora blocks at Portishead and our first development for a number of years in Yate, Westerleigh Park.
"We also launched our refurbishment of Allen House in Bristol and expect to open a further six before the end of the year, with new developments due in Matson, Gloucester; Lyde Green, Emersons Green; Haywood Village, Weston-Super-Mare; Albright Court, Portishead; Mill Lane, Congresbury and Wallace Wells Road, Burnham-on-Sea.
"To meet the ever-increasing demand for quality new homes, the company continues to make significant investments in strategic land. During the first six months of the year the business acquired 7,538 new plots of land and added a further 800 acres of strategic land to underpin our ability to deliver new homes in the future."
In addition to its investment in land, the company is looking to create more jobs across its 24 businesses.