Connells: performance tempered by Brexit volatility

Connells’ performance in 2016 was described by Group CEO David Livesey as, “somewhat tempered by Brexit volativity,” as the Group’s Q4 report  showed activity levels were “influenced by a marketplace that was continuing to recover from some of the challenges of Q3.” However, while viewings were up, the number of offers made was down. Sales were also down by 2 per cent for the year, compared to 2015, but Connells said that it had been instructed on more properties, registered more applicants and seen another record performance in new homes sales. Land & New Homes Connells is doing well in the Land & New Homes sector, with a pipeline of 9,000 new homes. Group Land Director, Roger Barrett, said, “As predicted in our previous Market Report, sales moved forward in Q4 2016 by 15 per cent on the Q3 2016 performance. This improvement reinforced the underlying strength in the land and new homes marketplace and, as such, we completed a number of land transactions in Q4 where demand for short and medium term opportunities remains strong. “The new year has started positively, helped by the fact that new home registrations increased at the end of last year – 15,237 registrations in…