Housebuilder says outlook for region is positive following strong start
The managing director of a major Somerset housebuilder has reported a strong start to 2013, and says the outlook for the housing market in the regon is positive.
Persimmon Homes has released its results for the first half of 2013, and Carl Haley, managing director for the organisation, says increasing demand for new homes and improved mortgage availability is combining to deliver a more positive outlook.
He comments: “Underlying pre-tax profits for the group are up 40% on last year at £135.3m (2012: £96.9m) and legal completions in the UK are up 7% to 5,022 (2012: 4,712) compared to the same period in 2012.
“Nationally we have seen a 15% increase in visitors to our developments, with weekly private sales reservations 12% ahead of the same period in 2012, rising to 30% stronger following the introduction of the Government’s ‘Help to Buy’ measures in April.”
Carl continues: “In the first half of this year we successfully opened five new sites – including housing orientated for families at Wren Gardens, Bridgwater, marina living apartments at our Galatea and Aurora blocks at Portishead and our first development for a number of years in Yate; Westerleigh Park.
“We also launched our well anticipated refurbishment of Allen House in Bristol and expect to open a further six before the end of the year, with new developments due in Matson, Gloucester; Lyde Green, Emersons Green; Haywood Village, Weston-Super-Mare; Albright Court, Portishead; Mill Lane, Congresbury and Wallace Wells Road, Burnham-on-Sea.
Carl says the company is also looking to create more jobs across its 24 businesses.
Persimmon has recently announced a national recruitment drive to encourage more than 100 trade apprentices to join the business and there is also a corresponding programme of new hires in technical, managerial and sales functions across the company.