UK property developer Bellway reports a growth in forward order book, with 5,144 homes for the year ending 2024 compared to 4,411 in 2023.

UK property developer Bellway reports a growth in forward order book, with 5,144 homes for the year ending 2024 compared to 4,411 in 2023. Falling mortgage rates, slowdown in inflation, and wage increases boost consumer confidence and affordability, driving the growth. Despite a 30% decrease in home sales, the company remains optimistic about the future of the housing market, citing an "encouraging" surge in customer enquiries and reservations. Bellway's decline in housing profits is partially offset by an increase in private reservations, with an average of 124 per week, up 14% from the previous year. The company welcomes the UK government's plans to reform the planning system to support increased housebuilding efforts.

August 09, 2024
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