“Grounds for confidence” at Linden
Linden Homes’ completions rose 11% in the year to the end of June according to a trading statement issued today by Galliford Try.
Linden has seen average sales rates reach 0.68 per site per week from an increased number of outlets, 84 in all. The housebuilder enters the new financial year with record sales exchanged and reserved of £380 million.
Galliford Try Partnerships, meanwhile, has seen growth in mixed tenure revenues and has a strong contracting order book, the firm said.
GT ceo Peter Truscott said: “Recent political events create a backdrop of uncertainty for the new financial year. It is too early to predict specific effects on our markets, but the strength of underlying demand for new homes and the continuing availability of mortgage finance and Help to Buy give grounds for confidence in both Linden and Galliford Try Partnerships.”
Galliford Try also confirmed that Greg Fitzgerald, after 34 years with the business, will step down as non-executive chairman in November and will be succeeded by current non-executive deputy chairman Peter Ventress.
Source – For all the latest housebuilding news and events visit www.house-builder.co.uk