Tuesday, November 24, 2020

British builder Bellway says demand for homes did not cool ahead of election

British housebuilder Bellway said demand for its homes did not slow in the run-up to a June 8 national election, bucking a trend which generally sees some buyers put off purchases ahead of the uncertainty of a vote.

Bellway (Frankfurt: 869646 – news), which posted a 13 per cent increase in reservations between February and June and said it expected full-year completions to increase by nearly 10 per cent, said the snap election had not dampened consumer interest.

“Customer demand for new homes remains strong across all regions and has increased throughout spring, in accordance with the usual seasonal trend, unabated by any uncertainty in the weeks preceding the recent general election,” it said in a statement.

This article is for information purposes only.
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