Banner Homes’ property prices increase 16% year-on-year

Date:

Monday 8th October 2012

Richard Werth, chief executive, Banner Homes.

Despite the recession and general lull in the UK housing market, the new homes sector is going from strength to strength, reflected by the high volume of housebuilders posting positive trading results so far this year.

Reporting on its financial year to 31 May 2012, Banner Homes today announced that the number of new homes sold across its residential property schemes increased to 203, from 161 homes in the previous year.

The average selling price of Banner's private homes also increased to £609,000, a 16% uplift on last year's average of £526.000. The rise in property values reflects both an increase in demand from homebuyers for new homes.

Richard Werth, chief executive of Banner Homes Group PLC, comments: "These excellent figures demonstrate our continued commitment to further growth of the business and our strategy to drive further into the upper end of the quality housing market. With a strong land bank, such a high quality product and our £120m bank facility secured earlier this year with three major banks, we entered our new financial year in a strong position."

Banner Homes, which operates across three regional divisions; Central, Southern and Midlands, is currently developing a wide selection of luxury new homes in the Southern Home Counties, Northern Home Counties and some of the wealth hotspots of the West Midlands.

New Homes by Banner Homes

Part-Exchange Available
Aubin Wood
Aubin Wood, Oak Tree Drive, Emsworth, Hampshire, PO10 7UJ
NOW AVAILABLE from £150,000
Aubin Wood is a wonderful collection of 48 fabulous new homes nestled on the fringes of beautiful Emsworth. Aubin Wood includes a high quality, well...
Bentley Priory
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Welcome to Bentley Priory, an exceptional collection of seven individually designed detached family homes in an exclusive gated development located...
Borne Valley
Borne Valley, Ravenhurst Road, Harborne, West Midlands, B17 9JJ
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Banner's stylish collection of fifteen four and five bedroom terraced and semi-detached family homes spread over two storeys with an integral/...
Burntwood Drive
Burntwood Drive, Oxted, Surrey, RH8 9HD
NOW AVAILABLE from £1,900,000
Welcome to Burntwood Drive. This sensational development hosts three outstanding, luxury, five/six bedroom detached family homes in the much sought...
Greenways
Greenways, Clifton Road, Chesham Bois, Buckinghamshire, HP6 5PE
NOW AVAILABLE from £1,695,000
Located in the beautiful village of Chesham Bois, Buckinghamshire. Plot 3 is a stunning five bedroom family home offering three floors of fabulous...
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Hartsbourne Court
Hartsbourne Court, Hartsbourne Road, Bushey Heath, Hertfordshire, WD23 1JF
NOW AVAILABLE from £895,000
Introducing this exclusive new development consisting of twelve luxurious apartments in Bushey Heath, Hertfordshire. These outstanding new...
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Imperial Grove
Imperial Grove, Camlet Way, Hadley Wood, Greater London, EN4 0NX
NOW AVAILABLE from £1,525,000
Come and visit our stunning show home at The Penthouse, our final home available at Imperial Grove. As well as two terraces with panoramic views, it...
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Jayswood
Jayswood, Nyetimber Lane, West Chiltington, West Sussex, RH20 2ND
NOW AVAILABLE from £695,000
A delightful collection of homes comprising of four semi-detached three bedroom homes and three detached four bedroom homes. Just one wonderful home...
Petersgate
Petersgate, Warren Road, Kingston, Greater London, KT2 7HY
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Four detached five/six bedroom family homes all arranged over three floors. Our stunning homes form part of the exclusive Coombe Estate in...
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Promenade De Verdun
Promenade De Verdun, Webb Estate, Purley, CR8 3HB
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Developed to meet the aesthetics of the residential conservation area of the Webb Estate, it is easy to see why many are drawn to the superb...
Help to Buy
The Meadows
The Meadows, Banbury Lane, King's Sutton, Oxfordshire, OX17 3RX
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5% DEPOSIT PAID ON ALL REMAINING HOMES - THIS WEEK ONLY. A wonderful collection of new homes consisting of apartments, semi detached and detached...
The Regency Apartments
The Regency Apartments, Manor Road, Chigwell, Essex, IG7 5PW
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OUR BRAND NEW PENTHOUSE SHOW HOME IS NOW OPEN FOR VIEWING. This exclusive development of ten stylish two and three bedroom apartments combine comfort...