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Bovis maintains house sales but says market is still tough

first_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKansas coach fired for using N-word toward Black playerthegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Bovis maintains house sales but says market is still tough Monday 8 November 2010 9:24 pm KCS-content whatsapp Share Show Comments ▼ HOUSEBUILDER Bovis said yesterday its sales rate rose 14 per cent in the last four months compared to a year ago, and that it expects to see further growth at the start of 2011. The group has sold 1,900 homes in the year so far, around 1,600 of which were private homes and the rest social housing. Total sales are slightly above 2009 levels, when Bovis sold 1,800 homes. However, a reduced number of newly built sites meant Bovis’ sales per site rose 14 per cent to 0.42 homes per week in the period. Chief executive David Ritchie said during a conference call that the average sale price of £160,000 was ahead of Bovis’ forecasts. “Market conditions remain challenging, but the group is well placed to expand its operations and we believe the medium term prospects for the group are strong,” Ritchie added. The group held £14m in cash at the end of October, thanks to around £106m of land cash payments throughout 2010. Bovis swung back into profit during the first half of the year after sales were badly hit during the recession. Bovis’ shares closed 1.1 per cent higher at 354p yesterday. whatsapp Tags: NULLlast_img read more