Builder reports growing interest in housing market
Galliford Try has reported that buyers are returning to the housing market and mortgage availability appears to be improving.
In an interim management statement issued today (9 May) the house builder, which is mainly focused on markets in the south of England, says it has recorded 0.6 sales per site per week so far this year, compared with 0.45 in the same period last year.
Its outlets have also increased in number, from 75 to 94, and visitor levels are up 22 per cent. It currently has £774 million of sales reserved, contracted or completed compared with £540 million for 2011.
Chief executive Greg Fitzgerald said: ‘The house building division, with its southern focus, continues to perform well with strong sales in the year to date.’
The company said it is ‘encouraged’ by government moves to improve the availability of mortgages, through the mortgage indemnity guarantee scheme, and is also seeing good revenues through the affordable rent regime.