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Land & New Homes

Bovis reports 15% uplift in sales at its sites and return to ‘stable’ market

Company reports a strong performance during the first six months of the year during which it also concentrated on quality following accusations of shoddy workmanship two years ago.

Nigel Lewis

Leading UK builder Bovis Homes has revealed in its latest trading update that sales at each of its sites increased on average by 15% during the first six months of 2019, indicating a return to ‘stable demand’ for new homes within the housing market.

The figure represents the average private sales rate per site and per week or just over two homes a month.

Bovis says in its half-year trading update that the company has also been concentrating on quality and customers service.

Two years ago former Chief Executive David Ritchie left the company amid a deluge of complaints about poor workmanship at its sites which cost the company at least £8 million.

“We also continue to see an improvement in all our on-site quality metrics and are delighted that six of our site managers and their teams have been awarded NHBC Pride in the Job Quality Awards this year,” says current Chief Executive Greg Fitzgerald (left).

So far this year his company has built 1,647 homes, up from 1,580 during the same period last year. Out of this total 1,030 were private sales  and 616 were affordable.

Also, its average selling price increased by 3% to £342,000, a significant improvement on its 2017 figures when its average selling price was £272,400.

Bovis has opened ten new sites so far this year with a further 13 due to start during the second half of 2019 and is busy rolling out its new ‘phoenix’ range of houses.

It includes 28 different types of house from bungalows to terraces, semi-detached and large detached five-bedroom homes.


July 9, 2019

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