Bovis has reported that it is operating successfully within a "subdued market" with ongoing liquidity issues in the first time buyer market.
The firm has made its first reservation through its new "The Perfect 10" mortgage model in partnership with Barclays which offers Bovis buyers 90% mortgages and a two year fixed rate.
Bovis is boosting its land position, having increased its consented plots by 1900 since the start of the year. In the six months to June 30 the firm completed 803 homes against 754 in the same period of 2009. Average sales price for private homes was £163,500 in the past six months against £160,400 last year.
Source: Housebuilder
See Also: Property News (6701), Bovis Homes (15), Housebuilder (84)
Date Published: 09 July 2010
Related News
