Bellway records rise in new homes sales

Housebuilder Bellway has announced that reservations for its new build homes has increased in recent months raising hopes that the country's housing market is improving particularly the new build sector.

High demand for new homes means that visitor levels have remained steady despite wider economic concerns, with reservations between August and the end of November having increased, pushing the average selling price up by 7%, thanks to a shift towards building more family homes.

Bellway has commended recent moves by the Government to kickstart the residential property market through a wide range of measures, but insisted that consumer confidence remains the key.

A company spokesperson said: "Whilst the group welcomes such initiatives, the outcome for the full year will be dependent primarily upon consumer confidence, especially during the spring selling season."

Bellway is currently developing a wide selection of new homes nationwide, including a an award-winning scheme in Croydon, south London.
Prices for two-bedroom homes at Bellway's Ashburnham Apartments start at £307,950, and include fitted kitchen with ceramic flooring, carpets to all bedrooms and an en suite to the master bedroom. Most apartments have a terrace or balcony, and all are secured by an audio/visual entry system. These apartments are close to the centre of Greenwich.