Increased activity in low-cost sector

18-Jan-2006

Aspiring homeowners are returning to the market and helping to boost the sales of new homes for housebuilder Bellway.

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With increased activity and renewed confidence encouraging more people to get onto the property ladder, housebuilders are reporting healthy sales figures.

Commenting on predictions for the coming year, Bellway homes said that it was quietly confident and that business had already got off to a good start.

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The housebuilder, which specialises in low-cost homes, revealed that it had secured 75 per cent of sales, helping it to edge nearer its target figure.

Chairman Howard Dawe acknowledged the positive start but warned against making early forecasts.

"Until the strength of the spring selling season is known, it is difficult to predict how the housing market will unfold," Mr Dawe said in a statement.

Alistair Leitch, finance director for the firm, assured aspiring homeowners that it would remain at the low-cost end of the market and said that the average cost of a Bellway home would reach around £170,00 by the end of July.

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